All Forum Posts by: Laura Cardenas

@Adam Kosel welcome to BP! I recently read(audiobook) Rich Dad Poor Dad and realized quickly why 85% of the podcast guests use it as their favorite real estate book, I loved it.

I’m also a newbie and working currently on getting my first deal under contract

Nice job! Way to get it done. I’m need a page from your book.. I’m working on getting my first flip(and deal) under contract.

Hello Mike, sounds like you’ve got the mind set. Go get em.. and welcome to BiggerPockets!

@Samuel McQuinn welcome to BP! I’m also a newbie to this realm. I’m currently working on acquiring a townhome to flip! It will be my first deal (unless you count the one I own and live in)

I saw you have a goal to find a 3plex and house hack. That’s my next goal as well. I’d like to sell my townhome I live in and find a 3/4plex to house hack in!

Goodluck hope to see you around the forums!

Hey all! I'm so excited, I had to share with you guys.

About a month ago I went to my library and sadly I found out that they don't have any of the BP books on their shelves.

They have a form that can be filled out to request books from other libraries, so I did that. They said if they got one they'd be in touch.

Today I stopped back in to look for any of the books on the best real estate books list from BP, they didn't have ANY of those either. Bummer. I did find one that I decided I'd give a shot.

Got to the counter to check out and the librarian informed me that my request had just come in today!!

They couldn't find a transfer, so they purchased the book brand new; I couldn't believe it and I think she was shocked by my excitement.

So tonight I started in on How to Invest in Real Estate the ultimate beginners guide.

It's amazing how that 2 minute interaction made my day. I was just so impressed that they would go buy it just because I requested it.

Thanks for listening to my off topic forum post!

Have a great night BP

@Steve Hall, that's a great point about being up front.. Thanks for the tips!

Good evening everyone!

Need some advice from the vets please..

My neighbor has approached me multiple times, since I moved in a year ago, asking me if I would be interested in buying his half (Our house is a duplex, but not zoned that way, they're zoned as townhomes).  

He asked me again this week. For the first time I asked him how much he's looking to get for it, he said atleast 70.  I asked, if I don't buy it are you going to put it on the market? He said no I plan to call one of those "home buying companies" because it needs quite a bit of work. I told him I would talk to my SO and then I would be back in touch. 

My plan so far is to go knock on his door and ask him if I can take pictures and just check the place out because I've never been in his half.  Put together my must have/wish reno list, then have a contractor give me a bid. I paid 89.9 for my half. I believe I could get at least 1,400/month for rent for his side, so I'm happy to pay 70, but what if it needs 20k in rehab?  Do I offer him 50(He bought it for 50 in 1994)?

I did some research and found out he does not have a mortgage.  I'd love to bring seller financing to up as an option. Anyone have tips on how to put together some sort of packet to bring to him so that he knows this is a legit option and to help him see the benefits of this?

I've also looked into hard money lending for this deal, and was assured that they could make this happen for me as well. 

Also: The homes need to be owned by 1 person in order for the zoning to be changed to duplex or mulitfamily. Once that happens I could refinance and put both under one mortgage. I spoke with my lender who got me my original mortgage and asked if this would be a possibility and he basically said no because I don't make enough money anymore, so this is the reason why HML would be my second option [I was working full time when I got my first mortgage, then I had a baby and was a SAHM for 8 months and have been working only 2 days a week since October]

Any advice? Am I on the right path? Thanks in advance.

Have a wonderful week!

Laura Cardenas

@Lauren B. I'd like to hop on and say I have a shower cap and I use it atleast 4 days a week! 🤷🏽‍♀️☺️

@Robert Churchill

That would be much appreciated. I'm looking to get a bid on a Reno for a property I've got lined up

Good evening BP!

I'm looking for recommendations for reliable trustworthy general contractors in the seacoast area of New Hampshire

Thanks in advance ☺️