All Forum Posts by: Joel Quiroz

@Drew Sygit hey Drew thanks for the response. I do plan on posting here but as I mentioned this is still a “should be”. I have a solid rapport with seller but anything can happen

Hey guys, Should be getting an 8 unit under contract in the next day or 2. Its bringing in 4500+/month, taxes are about 5k annually, new roof within 5 years, heavily screened tenants, 3 units have been updated. Im still new to alot of this and Wondering if wholesaling this at 365k is better or is there a chance at some low down-payment funding to buy and re-list? Purchase price would be 330-340k. Thanks for any help

@Tyler Gibson  I have suggested this to my Fiance because I believe my lender said we are only required to occupy for 6 months. Finding the right duplex however..Also I feel we may be able to get a bigger loan amount for a multi family (sorry just learned how to tag on here) 

Tyler I have suggested this to my Fiance because I believe my lender said we are only required to occupy for 6 months. Finding the right duplex however..Also I feel we may be able to get a bigger loan amount for a multi family 

My Family and I are ready to pack up and move down to Florida anywhere from the Tampa to Orlando area. Were preapproved through our bank for up $410,000 no money down but a around a 5% interest rate.. we can go down there and rent or we can go down there and buy, however our end goal is too build a MF and possibly STR rental portfolio. Considering prices and interest, what would you do?

We have about 70k saved

680 credit score

And live well within our means. Have not bought a bunch of toys with payments, our only real payment is our rent $2500/month. Thanks for any feedback I understand we all have different goals!