Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Hanah Frickers

Hanah Frickers has started 5 posts and replied 30 times.

Post: Bank loan on a 75k property or less, is it possible?

Hanah FrickersPosted
  • Lender
  • Collinsville, IL
  • Posts 32
  • Votes 13

@Alyssa Dyer would you be able to share the info for your contact that goes below $60k? Is Illinois included in one of the 26 states?

Post: Realtor.com responses from agents

Hanah FrickersPosted
  • Lender
  • Collinsville, IL
  • Posts 32
  • Votes 13

@Wayne Brooks thanks for the advice. So the listing agent referenced is also redundant?

Post: Realtor.com responses from agents

Hanah FrickersPosted
  • Lender
  • Collinsville, IL
  • Posts 32
  • Votes 13

@Dana Whicker thanks for the advice! First accidental click....

Post: Realtor.com responses from agents

Hanah FrickersPosted
  • Lender
  • Collinsville, IL
  • Posts 32
  • Votes 13

@Dana Whicker thanks for this! So best to avoid all their calls? 

Post: Realtor.com responses from agents

Hanah FrickersPosted
  • Lender
  • Collinsville, IL
  • Posts 32
  • Votes 13

Hi BPers

I just started expressing interest on a couple of properties on realtor.com and I clicked on the “email agent” option to get more info and got bombarded with responses from a host of agents. Can anyone explain whether to avoid these replies or whether there is a way to determine which one to speak with? Appreciate your help!

@Travis Biziorek well said! "...we have a young woman who came from literal poverty now making a median income that's more valuable than the normal "median income"..." 

@Ashley Hamilton you're an inspiration. I listened to your podcast and I can hands down say that it was my favourite so far.  You really are brilliant and you have kicked me into action :) Keep it up! 

@John Cornelius London, UK! Happy to be here though :)

@John Cornelius great question! 

Personally, I find myself getting overwhelmed with the sheer amount of sources out there for the next best market to invest in: I am certain there is no one right answer as each of us has their own unique circumstance. I for one have decided to list my minimum criteria (min cash flow, ROI etc) that I'd be happy with and talk with my close network of people to learn from them where they are focusing on. I then search these areas and simply analyze some deals to see what works. Disclaimer, I am a newbie to US investing and so no market is local for me though I do live here now.

Best of luck and I look forward to learning from everyone else’s response!

Post: So what's holding you back?

Hanah FrickersPosted
  • Lender
  • Collinsville, IL
  • Posts 32
  • Votes 13

Thanks for taking the time to reply!

I currently live in NY. 

Post: So what's holding you back?

Hanah FrickersPosted
  • Lender
  • Collinsville, IL
  • Posts 32
  • Votes 13

More or less bits of everything listed here: the overwhelming amount of education available making me realize how little I know and various opportunities to explore, being the two key ones for me. I’ll elaborate:

I have a respectable amount of cash ready deploy and am unsure what would be the wisest direction given that quitting the 9-5 grind is a priority/goal and so building cash flow is imperative. I live in market that’s too expensive for me to invest in or where house hacking is an option (or a viable one for me personally) so my realistic options are: 

1. I have pre-qualified for a mortgage to invest in a $150k property with 25% down with a pre financing ROI 6.9% in FL,

2. Pay cash for property in the mid-west and with the unencumbered cash flow  re-invest. 

3. Partner with a family member already active in the mid-west area on a duplex or multi family (with likelihood of requiring financing).

I should note that I am not entirely a RE novice as I have learned some lessons from an investment property I already own back in the UK with a large chunk of capital tied up (was intended to serve as a home rather than launching my RE gig; this was pre Rich Dad/ Richest Man in Babylon enlightenment...!) returning a low yield (~4%) which would be unwise to sell given political uncertainty currently limiting the home value increase.

I have set a deadline by when I must arrive at a decision and would welcome any thoughts that can assist in doing so :)