All Forum Posts by: Devan M.

@Mathew Gunkel 

Welcome to BP!  That's awesome you've been able to rent out rooms in your house already as I am sure that experience will come in handy for your real estate investing.  See you around the site!

@April W. 

Welcom to BP April!  Sorry to hear your previous ventures were not profitable, but hopefully with the information you gather here you'll soon have some profitable ventures to blog about!  Be sure to check the "Network" tab on the top of your screen as you can search for other BP members in your area, and if you haven't already, check the "Learn" tab as well since there are some good "How-To" guides on some of the topics you mentioned you'd like to learn about .  Best of luck!

Awesome!  It looks like it's moving right along, and the hardwood floors look very nice.

@Edgar Collado 

Yes, unfortunately a hurricane blew me away west! But I do miss it, the sun and the beaches are amazing.

@Marshall Stary 

Hi Marshall, and welcome to BP!  You've given yourself a good start by coming onto BP as this will be a great place to educate yourself on anything you need to know about RE Investing.  Check the "Network" tab up at the top of your page to find other BP members in your area and also search for any local Real Estate Investor Associations in your area as you'll find many like-minded individuals there.  Hope this helps!

@Dan DeMott 

Hi Dan, and welcome to BP!  It sounds like you already know quite a bit about real estate investing, but be sure to check the "network" tab at the top of the page to see if there are any other BP members in you area you can connect with.  Cheers!

@Edgar Collado 

Welcome to BP!  I actually grew up in Florida, and miss it now that I am in Oklahoma with no beaches.  However, be sure to check under the network tab to find BP members in your local area.  Best of luck!

@Arthur Banks 

Hi Arthur,

Congratulations on moving forward with your 203K deal, especially with all the set backs you've been through!  I do have a couple questions for you as I am looking into possibly doing a 203K in the next few months.  

It seems like you've needed more cash out of your own pocket than you originally budgeted for in order to pay for various fees and foot the bill for anything that goes wrong, is that the case?

Also, how long did it take you to find a lender that would do a 203K loan?  I've called a few mortgage brokers and they say they know of 203K loans, but either haven't seen one done or don't know who does them in my area.  

Looking forward to more updates, and hope things go smoothly for you from here on out!

-Devan

@Andy Hailey 

Welcome to BP! I'm just a little bit north of you in OKC, be sure to set up your keyword alerts to anything that interests you on the forums.  Best of luck!

@Clay Manship 

Glad to hear the update! I didn't realize you needed so much extra cash other than the down payment. However, could you tell me how you contacted the owner initially to purchase the property? It sounds like the property you found had a FSBO sign, but the properties your friends found didn't. Did they just look up the owner from the county records and give him a call asking if he was looking to sell? I followed your example and started driving around an area I'd like to be in and found a potential property, but it does not have a for sale by owner sign, it just looks old and vacant. Thanks again!