All Forum Posts by: Kerlous Tadres

Hey Michael, I can connect you with someone who can assist you further.

Hey Abraham, I’d suggest considering owner financing or private lending. These options can be more flexible, especially with gaps in your employment and a high debt-to-income ratio. If you're willing to wait and save more, buying cash is great, but it might take longer in Houston. Also, looking at out-of-state properties could stretch your budget more effectively.

Hi Vanessa, when investing in rental properties, I’d recommend focusing on markets where cash flow is solid and rental demand is high. Look for areas with steady job and population growth, but avoid places that are too crowded with investors. Small multi-units like duplexes tend to bring in better returns than single-family homes. Make sure the local laws are landlord-friendly to make management easier. And always research the market to avoid areas where competition is driving prices up and hurting your potential profits.

Hey Isaac, take your time with the process and work with a knowledgeable loan officer and agent. I’d recommend focusing on safer areas and vetting tenants carefully for your first deal.

Hi Deklyn, to find more opportunities, I would recommend expanding your approach. Try building relationships with local agents, wholesalers, property managers, and contractors who might know of off-market deals. Building a solid referral network with other investors can open up more opportunities. 

Hey Wisdom, it sounds like you're in a good spot with your condo's equity. I'd suggest doing a cash-out refinance to pull out $70-75k for investing in 1-2 rental properties, either short-term or long-term. If you're going for Airbnb, look for areas with good demand. The BRRRR method can work if you find properties that need work. For house hacking, I'd focus on rental properties first and take your time. Just make sure the numbers work for you before moving forward!

Hey Erik, I’d recommend selling your current home to capture the equity and use it for a down payment on a property that would cash flow better. For your new home, look for a place that can double as a rental, like a duplex or one with extra space to rent out. This way, you can start building wealth without taking on big renovation projects. If you’re not ready to sell, consider renting your current place as a short-term rental to increase cash flow. This strategy helps you grow wealth while keeping things manageable.

I would recommend starting by investing locally in MA, especially since you're familiar with the area and can keep an eye on your properties. Once you’ve gained some experience and feel more comfortable with managing rentals, you can start looking into other growing markets with better cash flow potential. This will allow you to expand your portfolio while keeping things manageable in the beginning.

Hi Wendy! Welcome to the community! From my experience, I would recommend starting with a multi-family property that fits your budget and goals. Living on one side for a year is a great way to get familiar with the property while also building equity. It’s a good move if you’re looking to learn the ropes of property management firsthand. Once you’re comfortable, you can scale by adding more rental properties, or even explore vacation rentals if that fits your strategy.

I would recommend focusing on markets with affordable entry points and strong rental demand for good cash flow potential. Starting with single-family homes or duplexes is a smart move, as they're easier to manage. Be sure to build a reliable team of property managers and contractors who know the area well. Connecting with local investors can also provide valuable insights.