All Forum Posts by: Juan David Maldonado

I bought a house in a Lennar subdivision to turn it into a rental the following year. My concern is the rough looking Valero corner gas station plus area around the gas station coming off the highway exit to go down the street into the Lennar subdivision. Meaning the grass is not cut and nice looking, its a smaller older hasn't been updated gas station, its combined with an 18 wheeler parking lot. 

More subdivisions are building built other than Lennar down the road. My question is will those home builders put pressure on that gas station owner to improve their business appease wise? 

Hey, everyone. 

I own five acres of land that is paid off. Nothing is build on the land. The value around $20k according to the local tax office. Can I use it as colleterial for a loan to add to the down payment amount for a new prospective investment property. Then refinance the property repaying loan? Is that possible some how? I do not want to build on it. How can I use the property to help me access money to invest? 

Thank you!

Hey everyone, 

Interest rates are killing some first time home buyers or for people who want to purchase an investment property. Until it gets better or a deal whose numbers work out. What other strategies in real estate investing should I divert my energy towards and look at? 

It is what it is with the interest rates and the economy. They're out of everyone's control as investors. 

@Henry Clark Hey Henry! Thank you for your advice! I like your buy property tax sales. Just land not houses. I'll investigate it. 

@Theresa Harris @Peter Tverdov Why is a larger down payment of 20% on a conventional loan a better idea if the interest rate is gonna be the same for both products?

I understand the advice from both of you. 

@Peter Tverdov Oh I've given thought to switching to conventional. Yes I'll need to add more money. I understand that part on my end. Thank you for your advice!

I'm going the FHA house hack direction with real estate investing and have been pre approved. Live in it for one year then save up and purchase a second property somehow.

The current interest rates 6.9%-7% kill my numbers for an investment property because the mortgage payment already comes out to $1,300 a month with the big 4 included. If I add my cash flow it just pushes the amount up for a potential tenant to pay in rent. 

Not a lot of houses come my way on Zillow or my realtor that fit into my buy box requirements. I've become impatient and frustrated. What should I be doing or what can I be doing in the meantime?  Explore seller financing, find for sale by owner houses, etc 

Thank You!

@Robert Finn What is normally the interest rate the two sides of a seller financing deal agree on? How does it normally work?

Hey, everyone I just moved to SA this year. I want to invest in real estate using the FHA loan and house hacking. After one year go on to the next property so how. Let's meet up and chat about real estate. I am free to help out on the weekends.

Is seller Financing a better option versus using the FHA loan to find a property? What's a better situation for seller financing?

Thank you!