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All Forum Posts by: Isreal Price

Isreal Price has started 4 posts and replied 8 times.

Post: Fellow Door Knockers

Isreal PricePosted
  • Real Estate Agent
  • Laurel, MD
  • Posts 9
  • Votes 3

I wanted to reach out to see if anyone uses door knocking a method of lead generation. I am not new to real estate but I am new to the market here in Maryland. I had been hearing about door knocking being a great way to generate leads so I started about 2 months ago door knocking for 2 hours a day . I haven't gotten any listings yet but I wanted to know if any one had any advice for me if they are a door knocker.

Post: Just Got Real Estate License But Want To Be Investor

Isreal PricePosted
  • Real Estate Agent
  • Laurel, MD
  • Posts 9
  • Votes 3

Thanks for the advise. I paid the money, took the tests, just got my license( like this week) , but it seems meet-up's are the way to go. Listening to the BP Podcast and reading the forums are giving me more confidence I guess I just got to get out there and give it a try and not be scared to fail.

Post: Just Got Real Estate License But Want To Be Investor

Isreal PricePosted
  • Real Estate Agent
  • Laurel, MD
  • Posts 9
  • Votes 3

I been following BP for a few years now and finally decided to jump into the "game". I live in Howard County and I  find abandoned and over run houses all the time that look like they would be good investments. However I have not been confident enough to do some of the initial contact because I don't feel like I know the "lingo" enough. I figured I get my license and it would help me with the terminology and being knowledgeable when approaching homeowners. Also I feel like being around other agents would help with learning the ropes.  Just wanted to get some insight into as if I  am going about this the right way.

Overall I just want to partner with other people who are interested in wholesaling, fix and flipping, and figured getting my license would put me a step closer.

Post: Looking for Meet Ups In Maryland

Isreal PricePosted
  • Real Estate Agent
  • Laurel, MD
  • Posts 9
  • Votes 3

Wanted to know if there were any  Maryland meet ups in the Ft.Mede, Laurel, Columbia, Odenton, Fulton,Ellicot City areas? I'm a newbie investor and wanted to meet other more experienced investors and/or real estate agents.

Also wanted to know if anyone attends meet ups, are they actually worth going to of if they are a waste of time ( meeting up to have drinks and appetizers but not doing much of anything else).

Post: Veteran New to Bigger Pockets- Ways to use VA Laon

Isreal PricePosted
  • Real Estate Agent
  • Laurel, MD
  • Posts 9
  • Votes 3
Originally posted by @Malcolm Lawson:

Hey @Isreal Price , as long as one of the units is your primary residence and it is a 4 unit or less, you can use your VA loan. You do not have to put anything down on the home but you don't forget about the VA funding fee which is 2.15 percent of the purchase price.

You're not great credit score is probably what is going to hurt you.  You should start talking to a lender now just to see how much you pre-qualify for as this will determine what options look like.

Another thing people often don't know about the VA loan is you can purchase more than one home with it as long as both are under your maximum VA loan amount for your county. Like what I did was purchase a cheap home in Annapolis MD, then moved out and rented it then purchased another cheap home in Waldorf MD and some day I will move out of here and rent this one as well. If you don't qualify for a large loan due to your credit score, this might be a better option for you right now.

Check out my profile on BP, I have a video on it where I talk about investing using the VA loan.

Thanks for the reply. Using the Va loan to purchase 2 smaller properties instead of 1 big one is a great idea that  I knew thought of. I live in Howard County so the maximum Va loan amount is pretty high that would most likely give me room to purchase 2 properties . I am looking for creative ways to maximize the Va loan and this is awesome. Thanks and I will check the video out.

Post: Veteran New to Bigger Pockets- Ways to use VA Laon

Isreal PricePosted
  • Real Estate Agent
  • Laurel, MD
  • Posts 9
  • Votes 3
Originally posted by @Mitchlyn D.:

I'm currently in the process of doing a VA home renovation loan so you might want to look it up. I'm still renegotiating the price but if I can close, this would be amazing.

Thanks for the response. I did not know there was a Va home renovation loan. I heard of an energy upgrade loan but otherwise I heard they want the property to basically be turn key when using VA loan. Who did you use to get this loan and what type of property are you purchasing?

Post: Veteran New to Bigger Pockets- Ways to use VA Laon

Isreal PricePosted
  • Real Estate Agent
  • Laurel, MD
  • Posts 9
  • Votes 3

@Gabriel G Thanks for the response. What type of property did you house hack and how long are you planning to stay in that property?

Post: Veteran New to Bigger Pockets- Ways to use VA Laon

Isreal PricePosted
  • Real Estate Agent
  • Laurel, MD
  • Posts 9
  • Votes 3

Hi, I 'm a newbie, live in Maryland and looking to use my VA loan to purchase a Multi-Family to house hack and possibly use the BRRRR method . I work for the post office so my salary is ok but could definitely use a bump and my credit score is "ehhh" ( other words not that great).

Having the Va loan gives me access to no down payment, low to no closing costs and no PMI, which is a huge plus but my credit score and salary for a lack of better words "suck", so I wanted to know if anyone has used the benefits of the Va loan to partner with someone who "resume" might be better ? Or if there is any creative ways to leverage no down payment when trying to invest in a multi-family property and personally not in the best position.

Thanks for any feedback. I love bigger pockets and listen to the podcasts almost daily. I  used  to be an agent and I have learned more here than I ever did in a real estate class. I am a firm believer in sharing information and the community that has been built here is great!