All Forum Posts by: Joe Barton

It doesn't cost money to drive for dollars, use the BP calculators, look at MLS listings, talk to realtors and hard money lenders.

Go to BiggerPockets.com/hardmoneylenders to find lenders in your area that will finance based on the deal and not the person 

Use the BP calculators to find a good deal and bring it to them.  This will do a few things 

1. Help you understand the numbers and feel more confident

2. Help you look more professional when presenting your deal 

There are also people on BP and elsewhere that have money they want to invest but don’t have the deals.  Find a good deal and bring it to them 

Hussle and attitude will bring you farther than money and no action 

I also suggest listening to BP podcast #276... it’s fantastic 

There are also other podcasts that discuss just getting started and no money down.  

Brandon Turners book on no and low money down is a great resource also

Hope this helps... good luck! 

Jb 

Originally posted by @Kyle McCorkel:

@Joe Barton

I think in theory it depends on how the numbers work out. As in which scenario yields the best returns.

But I think in practice I would buy one cheap duplex as a house hack. Just start with one since it’s your first deal. Then you’ll have cash leftover for repairs and reserves. Once you are stabilized in that property move on to the next.

Thought about that, might be better to start slow to get it figured out.  There will always be properties to buy later 

I’m looking at properties for my first purchase. Looking to house hack and get out of my rent. My question is should I purchase 1 nicer property that costs more or 2 cheaper properties so I have more flexibility and cash flow? My options are 1 more expensive duplex or a cheaper duplex and a single family. Also, if I purchase a property all cash and not have to do much rehab (maybe paint and polish floors) will I be able to finance it to get money out after a year when I find another property or do I have to increase the value from what I purchased it at Thanks for any thoughts.

@Jerry Padilla I was thinking that route, split it up. Thank you!

Thanks for the thoughts.  It is credit card and auto loans.

If someone comes into excess cash is it better to pay down debt and then invest in a property or to invest in a cash flow property and use that to pay the debt? Already pre approved for a mortgage... Just looking for any insight or opinions, thanks!