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All Forum Posts by: Jehu Matthews

Jehu Matthews has started 3 posts and replied 8 times.

Post: Winston-Salem creative finance

Jehu MatthewsPosted
  • Posts 12
  • Votes 4

Hey Vlad, 

Thank you for your response! I’ve never heard of contract for deed so you’ve given me something to research! I’d love to attend one of the meet ups your brokerage hosts, if you need my number or email to send an invite just DM me

Thanks again!

Post: Winston-Salem creative finance

Jehu MatthewsPosted
  • Posts 12
  • Votes 4

Hello, BiggerPockets community!

I’m on the verge of purchasing my first property in Winston-Salem, NC, and I’m reaching out to tap into the wealth of knowledge this community offers. My goal is to acquire a primary residence ideally before the end of 2024. I’m particularly interested in exploring creative financing options that can help make this dream a reality. I have good credit and sustainabile income but I have been finding trouble in traditional lending 

**How do you approach rent-to-own agreements?**

If you’ve engaged in rent-to-own or lease option transactions, what tips do you have for making sure it’s a beneficial arrangement? What red flags should I be aware of? How can I find such opportunities?

 **Networking and Resources:**

Are there local groups, meetups, or forums you recommend for connecting with other investors in the Winston-Salem area? I believe networking is key, and I’d love to know where to start and how to find sellers near me that may be open to creative financing.

I genuinely appreciate any guidance you can provide as I embark on this exciting journey. Your collective wisdom is invaluable, and I’m eager to learn from your experiences. Thank you in advance for your help!

Quote from @Bob Anthes:

Are you looking to buy this home for you to live in or to rent out?   if it’s an investment property and it’s the right property with about 20% down, you could get a lender to finance the 80% and the construction costs.  Then refi out 


I’m looking to live in it as my primary residence and eventually pull equity for down payment on a rental property 

Quote from @Erik Estrada:

Hey Jehu, 

Most commercial lenders will not finance the property if the intention is to live in the property. You may want to explore an FHA 203k loan if the property needs work financed.

Thank you!! I’ll look into 203k loans and see what I can find 

Hi! I’m looking tot purchase my first home this year and I have been looking at properties that just need some TLC to be move in ready. My dilemma is that I worry that commercial lenders won’t fund any renovations or wrap it into the loan. I considered private money for purchase and rehab and refinance at a later time. Ultimately I do not want to be over leveraged, stuck paying a high mortgage for extended time, or live in a home that needs work I can’t fund 


what are your thoughts and recommendations for how I should structure my first purchase?

Quote from @Angie Castro:

Hey Jehu! Welcome to the Investors Community! 

How are you analyzing your deals? Confidence in your investments decisions will come with time. I know starting can be scary but with the right guidance you can do very well. Let's connect I'm located in Uptown Charlotte and I love to help people with their first investment.

Thank you for your response!
I currently use the BP rental calculator, and the 1% or 3% rule on occassion
I will gladly foward you my contact info and we can absolutely find a time to connect!
Quote from @Mike Dymski:

I recommend moving from the books to analyzing real opportunities.  There is no faster way to gain submarket knowledge and define your criteria than fully analyzing 50+ real deals (and making offers).  At some point, the books and podcasts become a distraction from taking action that will lead to your goals.


 Thank you so much for your response! 
I analyze properties on Zillow but I plan to do a 90 deals in 30 days challenge to get myself accustomed to the process of analyzing 

Hi Everyone, this is my first post on the BP forums but I’ve been an advid real estate and financial bookworm the past year and a half. I’ve read a plethora of books by T. Harv Eker, Robert Kiyosaki, Napoleon Hill, Brandon Turner, and David Greene.

As with most people my goal is to retire young but I would like to build my portfolio with mostly long term multi family rentals. I plan to start small with single family but if I see an opportunity to acquire a Multi that cash flows I’ll gladly take advantage! 

I bank with a credit union so I have access to a lot of good loan options with lower interest including a few 0 down loans but my biggest fear in real estate investing is, after I secure a property and secure a tenant, what next? I’m very afraid to take my first steps with the limited info and partnerships I have but would love to do a deal with someone who is experienced!

I don’t want to fall victim to analysis paralysis! I know that using Debt as leverage would be the best start to my real estate investing career, but I’m incredibly scared to start because knowledge and experience are the only thing that can make a good deal worth its weight! And lack of knowledge could turn a great deal to a poor one. 

thanks in advance for your responses!

PS: I stay in Concord Area closer to Mount pleasant