All Forum Posts by: Jennifer Perez

Thank you for responding!  @ Matthew I'm pretty new at basically everything.  I've been working on educating myself and wholesaling seems rather scary because of the contract assignment and all of the legalities that come along with it.  I'm open to it but was hoping to start with a buy and hold, preferably a multi that I could house hack.  I would love to start with buy and holds and then add on flipping.  As for the financing, I figured that private would work best.  I have to start doing the leg work to contact a few places.  I read your profile, did you begin with buy and holds and if so, how did you fund them?  Also do primarily invest in JC?   

Hello all, I am new to real estate...well actually I owned a home (horrible investment property) that I lost a ton of money on and ended up having to do a deed-in-lieu.  So needless to say, my credit has been destroyed by it and I have to wait the 2-3 penalty years before applying for a conventional loan.  So my dilemma is I don't want to wait that long before investing.  I am a bit confused on how to proceed.  From some of my research, my options are to go with portfolio lenders or private lenders.  So here lies my first question, is this my only option?  Also, in general, what do portfolio lenders and/or private lenders look for? 

I live in northern New Jersey and my plan is to either house hack a multi-family or buy and hold depending on the area.  Any helpful tips would greatly be appreciated.