All Forum Posts by: Jasmine Wilborne

@Account Closed   Welcome! You found where all the cool people hang out. 

Hi Jada. What type of help do you need? 

Good to know! I am curious about what goes into zoning for multi-families. 

Seems like buying a multi-family is the most direct route as opposed to converting one. 

@Adam Walter  great question. No question is too dumb because you'll have newbies like me coming by to read all of the answers! Good luck to you. If you ever want to chat to just vent about being a newbie, I'm here to talk haha. 

@Brad Cogswell Your mentioning Craigslist made me feel like I am walking in the right direction. I like the idea of keeping "tabs" on properties. I will do this for many properties in many different areas to determine how quickly they fill. 

A question: What do I say when I pick up the phone to talk to a property manager? 

For instance: *Yells* Tell me all you know about Charles Village rentals?! 

I must say I'm on @Account Closed I'm excited about Reservoir Hill, but my non-investor friendly realtor wasn't. I'm going to zero in again and see if I can see any potential for equity and cashflow. 

Thank you

@Robert Herrera  

@Shane Baganz -- I hear what you are saying. Luckily where I am I can purchase a cash-flowing property beneath $100k. It gets down to being creative and being INCREDIBLY educated on what I am doing and being REALLY conservative in everything from cashflow to capX. I don't plan on paying out of pocket for these things, which means that I HAVE to find a property that is a good deal. 

@Travis Ferreira Thanks for the advice! This pre-qual only helps me narrow my scope and become even MORE creative!!! I don't have any margin for error. 

@Ray Dipasupil I like this idea. 

@David Faulkner. Very very good question. My answer will be "no" depending. But if I find a single family that is zoned for a multi--- well that is awesome! 

@Jason W Krystofik I'm definitely going to house-hack. I would want a place of my own. My student loans are at 6-percent now. So I will definitely look around for more competitive options. Gosh. The last thing I want to do is use my limited income to aggressively pay down my student loans. Ugh. I'll have to consider my circumstances haha. 

@Shawn Ackerman that's what the loan officer at MECU said: Bring on a partner or make more money. I'm not looking to wait until I make more money. I'm trying to get OUT OF the rat race not DEEPER IN IT. haha. 

I need to expand my network so that I can be having these meaningful conversations with more seasoned investors. I guess my question is: Why would anyone partner with me? 

I mean I would live there and manage the property and improve my rehab skills and project management, but I'm a total newbie. 

@Kenneth Garrett

Thanks for the advice. Definitely can't stomach commerical property right now, but I won't say "no" once I get my feet wet and grow in my knowledge! 

I appreciate your insight. 

So today I found out that due to my high debt-to-income ration (61-percent) that I cannot qualify for a loan bigger than $100,000. 

That puts a damper in my vision to purchase a triplex in the next few months. But not enough to stop me. 

I live in Baltimore City and am trying to think of ways that I can overcome this sad sad truth of being a college grad making just $10k more than what my student loans are. 

Any advice? 

What would you do if you were me?