All Forum Posts by: Jessica Price

Helpful indeed, thank you for sharing your experiences! :) 

 This was a great answer and I agree with you. Thank you! 

I've been renting in Austin, Texas for the last year because I can't really afford to buy here. My current rent is about $1,350 and I found a condo listed at 215k, which I think I could get at 200k. That would put my monthly payments at about $1,300; however, the HOA fees are an additional $300/month. I think I could cut other expenses and be fine making the monthly payments. My dilemma is: my mentor always suggests never buying a condo because you don't own the land and can't control the rules/laws, etc - my thinking is that it would be smarter to buy something instead of throwing away $1,350/month renting and I can't afford a single family in the area. I would get an FHA loan and only put 3% down, I'm also a realtor so I would get the 3% commission. I would likely move out in a year, so I ran the lease comps and they are between 1200-1500 as it's pretty close to downtown Austin. They also allow short term rentals with a minimum of 30 day stay. I also think rent prices will only keep going up in Austin/this area close to downtown. Would you go for it or would you keep saving until you could afford a single family in surrounding areas like Leander/Round Rock/Cedar Park? Thank you for any input!

How are you all finding seller finance deals? I have reached out to over 200 seller agents and have had 0 luck finding anyone even willing to talk about it. #discouraged 

 @Aman A. Hi there! I just came across your post and wanted to reach out to see if you have an investor friendly agent you would recommend in Montgomery, AL? 

Thank you! 

Getting a loan as a 1099 employee. 

I have been wanting to buy a property for a couple of years now but I am a 1099 employee, so getting approved for a loan has been very difficult. 
I live in an expensive market - Austin, TX. 
Would you find a DSCR loan and buy out of state, in a cheaper market with 20% down or would you save the 18k and find a new job with a w2 so you can buy in Austin with 3% down?

Help please and thanks! :) 

Hey @Matthew Johnson, I came across your post as I am researching section 8 in Virginia. Did you ever purchase a rental and lease to section 8? Any info you can provide would be greatly appreciated. Thank you! 

Hello all! Does anyone have any recent experience with leasing to section 8 tenants, specifically in Alabama? I'd love to connect!