All Forum Posts by: Jay Hurst

  excellent. I would love to chat with you this week if you are available. Please let me know what days and times work for you.

@Jay Hurst Yes I am referring to 2-4 units. Are you located in DFW area?

Hi all,

I just got a house under contract (it only took 6 months to find one!!!!). I have around a 720 median credit score. I'm shopping for the best lender with the lowest rate and closing costs:) What do you have to offer?  I got the house for $252,000 in Pennsylvania.

Thanks,

Jennifer

I have twice invested $50k with my hard money lender's investment fund. 

I gave them $50k and they lent it out to flippers to make a profit and paid me interest on it.  It worked out fine, though each time I got a little less than advertised interest rate (about 9% vs 10%) and I had to send a reminder email to to get my money back, but I did get it back.

I ask about others' experience, because I'm still not 100% sure it's not a ponzi.  Sure they paid me both times, but that's exactly what a ponzi would do.

Thanks

Hi all!

A multi-unit property was purchased for $140k.  The estimated value  now (roughly) is $200K.  Couple is divorcing, husband wants to keep the property; wants ex-wife's name off of property/loan. 

What is the best course of action?  He can't 'buy her out' as he does not have that much cash liquid. The balanced owed on the property is about 97K.  She put a portion of the down payment (15K)...and of course there is a little equity... Lastly, the property is in PA. 

All suggestions will be greatly appreciated! 

I live in Arizona and homes here are sky high, youd be lucky to get %6 interest rate, I would be a 1st time home buyer, apart from being 1099 employed would Trumps real estate plans benefit the little guys like me?

Hello everyone! I'm a new investor from Melissa, Texas, primarily interested in multifamily properties. I've selected Collin, Denton, and Grayson counties as my investment focus.

My goals involve investing in multifamily properties and long-term rentals. I plan to manage the properties myself until it conflicts with my regular job.

I would appreciate any advice on these markets to ensure success and connect with local investors.

Hey everyone, so I started briefly looking into my markets that I would want to get into then met with a lender. I reached out to only 3 two got back and 1 I was actually able to have a conversation with. But with that one lender I found I am not lendable due to not having proof of income for the last two years. I graduated college may of 2024 and was only working part time through college not making enough to be lendable obviously. Another concern is after the two years, I still wouldn’t be lendable for most properties in my markets due to that lack of income. 
I’m starting off wanting to get into a primary residence that I plan to house hack and then figure out the next move into investment properties but that’s down the road

with all that said, are there other ways that im not thinking of to 1. Be lendable or 2. Be able to get into my first, 2nd or 3rd property? I know I could have a family member co-sign a mortgage with me but not sure the best way to approach that conversation and what incentives I’d be able to offer to make it worth while for them other then their “familial duties” haha. 

Would love to hear people’s suggestions or thoughts. 
everyone’s so amazing in their responses and I really appreciate everyone’s thoughtful feedback! 

Hey guys, I am a real estate agent looking to get into property investing. I was wondering what are some good areas to look into for investing. I live in Upstate New York but i was thinking of areas more out west or down south. Thanks!

Hi friends , i Would be happy if you could guid me from your experience on where to start whit a strategy of BRRRR in DFW . : )

THX . (200K-300K)