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All Forum Posts by: Iris Sanchez

Iris Sanchez has started 11 posts and replied 26 times.

Post: Is Katy, Texas a good place to start?

Iris Sanchez
Pro Member
Posted
  • Antioch, CA
  • Posts 27
  • Votes 3
Hi everyone, I would like to start with long distance investing, and was wondering if Katy, Texas is a good place to start. Any advice would be greatly appreciated.

Post: How many FHA loans can I have?

Iris Sanchez
Pro Member
Posted
  • Antioch, CA
  • Posts 27
  • Votes 3
Thank youJason DiClemente do you happen to know what site I can go to to see the exceptions?, I’m trying to learn everything I can about loans right now.

Post: Well I did it, I purchased my first rental property today!

Iris Sanchez
Pro Member
Posted
  • Antioch, CA
  • Posts 27
  • Votes 3
Congratulations!

Post: How many FHA loans can I have?

Iris Sanchez
Pro Member
Posted
  • Antioch, CA
  • Posts 27
  • Votes 3
Hi everyone, how many FHA loans can you have at one time? Some say a maximum of 10 loans is that correct, I think I have misunderstood something.

Post: Excellent credit but low income

Iris Sanchez
Pro Member
Posted
  • Antioch, CA
  • Posts 27
  • Votes 3
Hi everyone, can someone please give me advice as to what type of loans I should look into, if dealing with excellent credit but income is low? My brother and I are partnering up and although he has the credit score he makes less and therefore can't qualify for a big enough loan, any ideas what else we can try?

Post: What are the best techniques when using a HELOC

Iris Sanchez
Pro Member
Posted
  • Antioch, CA
  • Posts 27
  • Votes 3
Good morning everyone, I'm new to REI and I would like to know, what techniques can someone use to buy Real estate with a HELOC, Can I use it to put down 20% on multiple properties at one time? How much of my HELOC can I use towards a single purchase? Thank you, any ideas will help me.

Post: Are buying new construction homes always good deals?

Iris Sanchez
Pro Member
Posted
  • Antioch, CA
  • Posts 27
  • Votes 3
Bryan, Check out www.newhomesource.com there you will find all new construction in your area.

Post: Buy and hold new construction

Iris Sanchez
Pro Member
Posted
  • Antioch, CA
  • Posts 27
  • Votes 3
Shara, thank you for letting me know about podcast 168, I just finished listening to it in the car, and you just opened my mind to another possibility in real estate. I have a question though, for a newbie such as myself with not much cash to work with what would be the a good number to start at? And could you please give me an overall example of how this process works.

Post: Buy and hold new construction

Iris Sanchez
Pro Member
Posted
  • Antioch, CA
  • Posts 27
  • Votes 3
Thank you Shara for your post, I would love to see numbers, I want to learn how to analyze this type of transaction and I will listen to podcast 168.

Post: Buy and hold new construction

Iris Sanchez
Pro Member
Posted
  • Antioch, CA
  • Posts 27
  • Votes 3

Thank you for your post, it was helpful.