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All Forum Posts by: Jesse Peña

Jesse Peña has started 1 posts and replied 172 times.

Post: In my 50s and just starting out, seeking advice

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

@Michael Fortier 

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.

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

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

Much success to you!

Post: New member from Boston MA area

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

@Rob B. 

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

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

Much success to you!

Post: how much is a realistic down payment

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

@Josh Key 

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

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

Much success to you!

Post: New investor and need help

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

@Kevin Chhum 

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

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

Much success to you!

Post: new member from Durham, North Carolina

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

@Brian Thomas 

Welcome to BiggerPockets! You have come to the right.

Here some great info I received from @Linval T. 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)

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)

Now that you have made the move, below are some links that will help with the navigation of the site.

https://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)

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

Before your 1st purchase, please ensure you visit the below link for some tips.

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 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)

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

Continue to feast on the BP Podcasts, #askbp Podcasts, BP blogs and BP webinars.

Post: Financing Advice

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

@Nate Lewis 

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

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

Much success to you!

Post: Investor in Charlotte

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

Post: New from NY

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

@Morgan Means 

Welcome to BiggerPockets! You have come to the right place and much success to you.

Post: Stillwater, Minnesota

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

@Ryan Hutton 

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