All Forum Posts by: Jhun Caday

When my wife and I bought our first real estate home which is our primary residence. I used FHA with that house and under my name. Due to my wife credit at that time wasn't qualified. It is only under my name.

My question is that's that mean she can use FHA loan to buy our second property. Live there, and rent the current house we are living? and if I use conventional, can I use HELOC to buy the second property to fund the 20% requirements for conventional loan?

We bought the house in October 2020 and currently sitting at around 100k+ equity. Just looking at my option to be able to start at REI. Thanks in advance.

@Kyle Oyer sure. Will be happy to connect. 

 Thank you! Will definitely add this to my must reading list. 

Hi Benjamin and thank you! I am actually doing a local travel contract that can help me have a good income while I am doing REI. Will definitely doing an eval more often. Do you guys just run the number when practicing the eval? I normally try to see number and put it in ballpark calculator to see if it make sense or not. My challenge with it is the rehab cost which I totally have no idea how to do it. Any tips? Thanks for all the tips and glad to see another ED worker here as well. It gives me a boost of inspiration.

Hello Everyone, 

Just want to introduce my self. My name is Jhun and I currently work as an emergency room nurse. I love travelling and hiking on my free time and play with my 2 yo. 

I am very new in REI and just actually recently learned this forum, read a couple of books and I am definitely learning a lot (like a light bulb turning on simultaneously). I have been a nurse for 10 years and really feel that I am at the end of my stick in nursing world. Although I love what I do, I have no desire to further my education in nursing to get a higher W2 income nor want to be in nursing management. I see that REI can give me a way to slow down in nursing in the next 10-15 years or a completely way out. My goal is to replace my W2 income through REI and right now I am hype, motivated and focus to my goal.

Although I just learned all of this, I am kinesthetic learner in nature that is why I wanted to start right away. Therefor started looking for about everything i.e. location, rent, funding and everything I need and don't need to know because I wanted to start the process. I was able to narrow down my location to Macon, GA (so if anyone out there in REI in the area or Atlanta GA area, I hope we can connect). Right now, my biggest challenge is funding as interest rate in HELOC is terrible. Although I have enough money to cover my down payment for conventional loan, I am open to any creative idea that you guys may have. The houses I am looking was around 80k-100kand 3 bedroom SFH.

Anyhow just here to say Hi! Hello! and connect with you all and hope to learn all the ins, the great, the good, and the bad of REI.