All Forum Posts by: Llamier Guzman

Hello people! Soon I'll be purchasing my first ever investment property (Virginia) (MFH) and I honestly feel like I made a mistake. I'm currently pre-approved but my lender gave me a "mid-level rate" which I believe isn't my actual rate since I haven't chosen a property but me not being as educated on the behalf and thinking it was my actual rate I decided to rate shop a bit. My credit was pulled twice (currently sitting at a 700+ according to Experian) but I don't know if this would affect my score or anything when it come to actually choosing a property and locking in a rate. Did I rate shop to soon? Will this affect anything? what are the cons here. I would like to be educated on behalf of the "lending" procedure if that's okay! 

Sorry, but what exactly is a "STR" I'm hearing that acronym here and there and I am a bit lost here, if you can help.

@Aaron Tennison a four unit property? Sounds like a good idea but also seems like alot on my plate there. (Thinking I'll need a property manager to help me manage the property). And DSCR?

Hello! A new future real estate agent and real estate investor here! (As I would like to consider myself soon to become) I have a question dealing with both if anyone has open ears. I'm quite not 100% on wether or not if I purchase my first investment property where I currently live (Virginia) (*which I will be*). should I also gain my license here since I'll have a property within Virginia. (I plan to move to Florida in a few years after my military service which will be up in 2 1/2 years, but i also want to gain my license in Florida). To summarize things, I'm not sure if this is a good plan. Should I just stay here in virginia since I'll have a property here and get my license there? should I sell it and move to Florida once I'm able to? should I keep it and move? And if that's the case what are the pro's and cons of it. 

well I do plan on purchasing a duplex as my first investment and once I complete my Real Estate License during the time of my service I hope to be a lot more knowledgeable and approach SFH's to BRRRR but yes I understand! Also, do hard money lenders vary from states? Does it matter what state your in to consider how high/low the interest is?

Thank you so much for this information that I will be taking into consideration! I'm currently reading "BRRRR" by David Greene and becoming well knowledgeable within BRRRR itself. but I'm also willing to learn hands on and meet new people that I could bring value to but also bring value to myself. Thank you so much for this!

@Jeremy Melloul thank you on your behalf, getting second opinions really helps and gives me an idea if I should readjust or commit as I am committed to my plan here! And also, thank you for your support! 

@Jacob Sloop I'm more than happy to work with you if it can benefit us both and bring value to both our needs here! Please message me and we can start talking! 

@Jaycee Greene well within THAT specific price range, No not exactly. I've found others within the 120k-240k within the same area!