All Forum Posts by: Manuel Yepez

I really appreciate you guys help. I did some digging and found out the home is being sold by a company in Florida. The home is definitely not worth $75,000, so I'm assuming their just going off by the comps in the area. Is it any easier to negotiate with a company on owner financing? The APR will be at 9.7% and there is no mortgage on the home.

There's a home that's currently for sale in my town for $75,000. The owner is willing to do Owner Financing, but the home is listed through a real estate agent. How would I be able to contact the owner directly? I would like to negotiate the owner financing, but I don't want to be taken as a serious buyer just yet. I just want to know what the owner wants out of the deal, and don't want to waste the agents time by not appearing as a serious buyer. This may seem as a small task but I'm stuck on what to do.

Been told to wait for investing in real estate because of my age (19) and my inexperience in even owning a home, but currently homes are selling for $45,000-$75,000 in my area and prices are skyrocketing. I'm building credit, and have some savings, but should I still wait? I'm planning on becoming a buy and hold investor so I feel the earlier, the better. Or is REI only for the folks who have $40,000+ in savings and have a high paying job already with the prefect credit score?

I know the purpose of a FSBO is avoiding real estate agents, but has anyone purchased a home directly from the owner using seller financing? Did they still require a down payment? I am looking at purchasing a FSBO and using it as a rental property. I don't have much credit history so banks aren't interested in offering loans. Tired of analysis paralysis and want to get into the game. Any advice would greatly help.

I appreciate the welcoming from everyone! @David, I was looking into that today. I will definitely be there next Thursday. 

Hi, I'm interested in rental properties and flipping homes. Fairly new to BP. Hope this can be a great help to me. 

How would the loan process work? If they are helping with a down payment, would everyone need to be on the loan or is it under one persons name? What about an FHA loan since it would be a less of a down payment?

That's what we were debating about. Whether or not they were actually tenants, and you're definitely right. Thanks for your response! 

Hi, my wife and I recently thought of purchasing an owner occupied triplex. Her family is currently looking for a new apartment because of higher rent in the one they live in now. What are your suggestions on renting out a unit to family? I've heard landlords say it's a bad idea, and I've heard some say it can work. 

Hi, I've heard from many professionals that getting an FHA loan for a multi family property and living in it while renting out the other apartments in the building was a good idea. My family and I were wondering if doing that with other family members of mine was still a good idea as I've heard landlords say renting out to family isn't the best idea. We've discussed with my other family (the potential renters) that they would have to help save for a large down payment and so they agreed, but the building would still be under my name. Does this sound like a good way to start out?