All Forum Posts by: Luis Aguilar

@Doug McVinua

I'm sure many variables come in play. When you get a chance, can you connect me with your lender?

@Jim D.

Thank you for your response! You are right, it's tough for me to qualify for a loan because I simply don't make enough money compared to the debt I owe. 

Now that's creative! I know I could find a property via craigslist, possibly through BP!, or a personal reference but if you don't mind me asking, how would you find a vendor/seller who wants to get rid of his multi family? 

@Doug McVinua

Thank you for your response! Correct me if I am wrong but if I were to be pre-approved for an FHA loan, will the banks consider 4 units or less as a residential loan? Also, I believe the current rates are at 3.5% for an FHA loan correct?

@Stone Jin

Thank you for your response! So you are saying houses in the phoenix market are getting sold for at least 180k right now? 

Alright, I will! Thank you Mike, I will be sure to follow up with you once I have read all that information!

Hello everyone, My long term goal is to create wealth through real estate. I am getting my real estate license for many personal reasons. Eventually I am going to find properties that I can fix and flip and purchase rental properties for residual income. With that being said, I want to start my real estate path by purchasing my first home. I am a w2 employee only making 33k a year. I realize, in the market I live in, I can possibly get an fha loan and move into a house. Yet, I don't believe I can afford let's say a 1k monthly mortgage payment. Are there any suggestions out there as far as getting an fha loan to purchase a duplex (through a real agent) rent out one of the units, house hack it, live in it through whatever time I need to according to fha, re-finance (pull money out the house assuming the property has appreciated) and then sell it? I believe I can't rent out the unit if I purchase the house through an fha loan, am I right or wrong on that? Let's have a creative discussion on how I can possibly purchase my first home!

Ken Min, I would love to pick your brain about how your inquiring properties for it seems like pennies on the dollar. I see you mentioned "subject to?" I am a beginning investor and have spoken with a few wholesalers to fix and flip a property. No luck yet.

Mike Wright I'm curios to find out what reports you were looking at? I moved from la to Arizona a few years ago and have been finding about so many what's to make money in real estate. I have established a few contacts through the many seminars I have been and through BP. I am starting school shortly to get my RE license.

Pablo, So I start real estate school next Monday. I'm actually planning on going into the same route as yourself. But, I have a team ready to invest in re right flip, I have some capital in play. Have you found any fix and flips? Just wondering how the process is going for you?

@Cody L.

Trust me, I get it. I was asked to ask that question by a 3rd party.