All Forum Posts by: Ismael Candelario

Hello all,

I have heard a lot about finding A/B/C/D Class properties/neighborhoods and I was wondering what factors go into determining the grade for a given area/property...

Is it the home price, age of home, condition, neighborhood perks (parks, transport), appreciating market, location etc....

Any information on this will help!

Sweet! I'll definitely bookmark those sites and keep an eye out for dates. 

I am new to real estate investing as well and have decided to go the house hacking route to get my first taste of what real estate investing feels like. I think networking and getting first hand experience in the real estate world is going to be beneficial to you. This can provide you a way to learn from others who have more experience and know what they're doing. Partaking in odd jobs that help you expand your network is always an option. Also just a thought, start saving up money and live below your means. This will help you get a good start if you can manage your finances first. Cut out any unnecessary expenses. That is why I am starting out by house hacking. This will allow me to live for free essentially if done properly. Anyways good luck on your venture and I hope you stick with it and have success!

Cheers!

Thank you @David Espinosa for your advice. I do need to get in touch with local banks and see what options are available and also what I will qualify for. I am looking forward to attending local real estate meet ups in the future after all this chaos going on at the moment goes away. How do you hear about these meet ups? Are they posted here on BP or elsewhere, that way I can keep a lookout for them. 

@Sher J. I'm on the same boat as you. I am a constant listener of the BP podcast and a reader of their books as well. I am in the middle of reading their books and just trying to absorb as much information as I can.  

What's up everyone! I'm posting this because I am thinking about house hacking my first real estate purchase and would like to hear what tips/advice you guys have for me. 

Here some information about myself to help you understand my current situation. I'm a college graduate (May 2019) and have plans on attending graduate school (PT or PA) within the next couple of years. I'm currently renting an apartment and my roommate is off to medical school this summer. I would like to start putting my money into an asset that I can leverage for future investments. I live in Louisville, KY. I do have a significant other but we are not living together. I am definitely open to sacrificing some things like comfort and room size. I like to think I live a minimal lifestyle. I try to save money were possible and don't spend on things I WANT, but will spend on things I NEED.

I would like to hear from you guys. Any information on tips/what to expect/how to buy/loan used etc...will help!

Hello all. I hope you are doing well and in good health. So I just got done driving for dollars, looking for potential properties and just seeing what's out on the market right now. I noticed a few of the homes listed were Pending/Under Contract. What is the meaning behind these terms? Can you still make an offer on the house when it's pending. Or what can you do, if anything? I would assume when the property is under contract, it is in the process of finalizing the sale. Please correct if I am wrong. And if you have any information that may be useful to me, please share! Thanks.

@Andrew Postell Thank you for your advice. I think having a partner can make things go by much smoother. Having someone to go to for their advice/opinions on the matter would help me out a lot, especially since I'm just beginning. I agree that I do need to be around it more than I currently am at the moment. I will definitely be taking action when I have the opportunity. 

@Raphael Collazo That's awesome to hear. I lived in Phoenix my whole life prior to coming to Louisville. I thought about staying in state but I was fortunate enough to have the opportunity to play collegiate soccer and so I did. That had been a goal of mine since I started playing.

I am currently back in Phoenix visiting family so I won't be able to attend the meeting tonight. However, I will be attending that meeting from now on now that I know about it. Thank you for the invitation. I had been looking for local events to attend and I'm happy you reached out! 

I recently graduated from college and have become interested in applying the BRRRR strategy in the area around Louisville, Kentucky. I'm in the process of reading the BP books and still have a lot of reading/learning to do. With that being said, I have some questions about financing using this strategy. Are banks likely to finance homes with the intention of it being BRRRR'ed. Should I try and find partners to go in with me instead? Is establishing credit give me a better opportunity to gain credibility with banks when it comes to financing my REI's. What is the easiest way/useful tips, you guys have found to be useful when it comes to financing home using the BRRRR strategy.

To those who use the BRRRR strategy, what suggestions do you guys have for a newbie like myself. Any advice will help! I'm a sponge just waiting to absorb as much as information as I can.