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All Forum Posts by: Jesse Peña

Jesse Peña has started 1 posts and replied 172 times.

Post: Own home - rental or flip?

Jesse PeñaPosted
  • Charlotte, NC
  • Posts 177
  • Votes 69

@Kristen Beahm 

Welcome to BiggerPockets! House hacking with an FHA mortgage is a great way to start with purchasing up to a 4 unit property Multifamily and only 3.5% down.

Also a 203K Loan is part of the FHA loan program. This is another great way to start.

This is a great way to learn how to be a landlord, you can live there for free with cash flow.

Much success to you!

Post: Own home - rental or flip?

Jesse PeñaPosted
  • Charlotte, NC
  • Posts 177
  • Votes 69

@Kristen Beahm 

Welcome to BiggerPockets! Below are some links to get you started. Much success to you!

I received this info from @Nathan Sharp when I first started.

http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/(house rental guide)

http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/(how to buy a rental property)

https://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/ (How to buy a small multifamily property)

http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/(guide to buying a duplex)

https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals)

The bottom line is that you must take action to start.

Don't get bogged down with analysis paralysis. You must take risks, but, ensure that they are calculated risks.

Below are some more links to get you started.

https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)

https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)

REI books suggested by BPers

https://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)

http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)

Before making your 1st REI purchase please visit the link below for some useful tips

https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/

Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.

Feast on the BP Podcasts, #askbp Podcasts, BP blogs and BPwebinars

Much success to you!

@Brandon Turner 

Thanks for another great webinar. You Rock!

Post: New Member from Castle Rock, Colorado

Jesse PeñaPosted
  • Charlotte, NC
  • Posts 177
  • Votes 69

@Jim Shirley 

Welcome to BiggerPockets! Much success to you!

Post: The Offer - Understanding the Numbers

Jesse PeñaPosted
  • Charlotte, NC
  • Posts 177
  • Votes 69

@Jared McCool 

Welcome to BiggerPockets! House hacking with an FHA mortgage is a great way to start with purchasing up to a 4 unit property Multifamily and only 3.5% down.

Also a 203K Loan is part of the FHA loan program. This is another great way to start.

This is a great way to learn how to be a landlord, you can live there for free with cash flow

Look for a small local Community bank or small local credit union.

Much success to you!

Post: New from Missouri

Jesse PeñaPosted
  • Charlotte, NC
  • Posts 177
  • Votes 69

@Kristie Hurst 

Welcome to BiggerPockets! Below are some links to get you started. Much success to you!

I received this info from @Nathan Sharp when I first started.

http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/(house rental guide)

http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/(how to buy a rental property)

https://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/ (How to buy a small multifamily property)

http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/(guide to buying a duplex)

https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals)

The bottom line is that you must take action to start.

Don't get bogged down with analysis paralysis. You must take risks, but, ensure that they are calculated risks.

Below are some more links to get you started.

https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)

https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)

REI books suggested by BPers

https://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)

http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)

Before making your 1st REI purchase please visit the link below for some useful tips

https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/

Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.

Feast on the BP Podcasts, #askbp Podcasts, BP blogs and BPwebinars

Much success to you!

Post: new member from San Antonio Texas

Jesse PeñaPosted
  • Charlotte, NC
  • Posts 177
  • Votes 69

@Carlos Kopszywa 

Welcome to BiggerPockets! Below are some links to get you started.

I received this info from @Nathan Sharp when I first started.

http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/(house rental guide)

http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/(how to buy a rental property)

https://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/ (How to buy a small multifamily property)

http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/(guide to buying a duplex)

https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals)

The bottom line is that you must take action to start.

Don't get bogged down with analysis paralysis. You must take risks, but, ensure that they are calculated risks.

Below are some more links to get you started.

https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)

https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)

REI books suggested by BPers

https://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)

http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)

Before making your 1st REI purchase please visit the link below for some useful tips

https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/

Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.

Feast on the BP Podcasts, #askbp Podcasts, BP blogs and BPwebinars

Much success to you!

Post: Cheapest/Most Affordable Primary Residence idea?

Jesse PeñaPosted
  • Charlotte, NC
  • Posts 177
  • Votes 69

@Rick Al 

Welcome to BiggerPockets! I received this from @Linval T. when I first started. Much success to you!

Since your interest lies in house hacking and multifamily units, I added the below links for your review.

https://www.biggerpockets.com/renewsblog/2013/11/02/hack-housing-get-paid-live-free/ (House hacking)

https://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/ (How to buy a smail multifamily property)

http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/(guide to buying a duplex)

https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals)

https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)

https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)

REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.

https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/

REI books suggested by BPers

https://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)

http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)

Simply, expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.

Feast on the BP Podcasts, #askbp Podcasts, BP blogs and BP webinars.

Post: Cheapest/Most Affordable Primary Residence idea?

Jesse PeñaPosted
  • Charlotte, NC
  • Posts 177
  • Votes 69

@Rick Al 

Welcome to BiggerPockets! House hacking with an FHA mortgage is a great way to start with purchasing up to a 4 unit property Multifamily and only 3.5% down.

Also a 203K Loan is part of the FHA loan program. This is another great way to start.

This is a great way to learn how to be a landlord, you can live there for free with cash flow

Look for a small local Community bank or small local credit union.

Much success to you!

Post: Newby's to House Hacking

Jesse PeñaPosted
  • Charlotte, NC
  • Posts 177
  • Votes 69

@Carl Schultz 

Welcome to BiggerPockets! Below are some links to get you started. 

I received this info from @Nathan Sharp when I first started.

http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/(house rental guide)

http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/(how to buy a rental property)

https://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/ (How to buy a small multifamily property)

http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/(guide to buying a duplex)

https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals)

The bottom line is that you must take action to start.

Don't get bogged down with analysis paralysis. You must take risks, but, ensure that they are calculated risks.

Below are some more links to get you started.

https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)

https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)

REI books suggested by BPers

https://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)

http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)

Before making your 1st REI purchase please visit the link below for some useful tips

https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/

Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.

Feast on the BP Podcasts, #askbp Podcasts, BP blogs and BPwebinars

Much success to you!