All Forum Posts by: James Martin

After researching different ways to finance a Buy and hold, it seems like the better option would be to use a hard money lender.

the only issue I face and also a majority of new investors deal with,  is the lack of skin in the game. I have never owned a home, so I have

no real assets to put up to be approved finance through a hard money lender.

so my question stems, should I use a FHA loan for my fist investment (and home) for a buy and hold property , and then later utilize a hard

money lender for additional Buy and hold investments?

are there better ways to show skin in the game for hard money investors?

any suggestions would be appreciated! 

Good Morning, 

I am reaching out for advice and hopefully a new beginning. I have been researching different methods of real estate for months!

But never acted due to my credit being sub par, but now it is close enough to qualify for a FHA loan. I am aware you can finance your

remodel with the FHA loan but is it worth it? are there better ways to do it?

I work a decent job, but I am unable to afford a 5,000 remodel if the property calls for it.

I would love to start and stay in the buy and hold realm of real estate.

I also have access to a VHA loan.  

So my question is, whats the best way to get some skin in the game with Buy and hold with fair credit and low capital. 

any information is useful.

Hopefully I can get some good advice!

I am very new to real estate investing, I'm more focusing on wholesaling to get my foot in the door.

none under my belt yet, but my question is what would you do if put in my shoes. 

My mother who occupies my childhood home is leaving soon due to retirement, she has about 50,000 left on the mortgage. From the research I have done the house is worth about 106,000

Comparable comps in the neighborhood that have been gently updated run for about 110k-120k.

I would love to take over the house and lease it out but my only problem is updating the cosmetics of the house. (bathrooms, floors, kitchen) 

Like I stated, I have no prior experience in leasing or flipping. If I could finance the renovations I would but that is not an option at the moment.

If you where a newbie in my shoes, how would you solve this problem to make a profit and also keep something with sentimental value. Or am I just staring at an obviously bad deal.

Any information is greatly appreciated. 

Thanks, 

James.