All Forum Posts by: Mariana Pasin

Thank you everyone for the answers! 

Hey BP community! I’m looking for a reliable turnkey company with properties in the Phoenix, AZ metro. Preferably based in the area. Recommendations will be appreciated! Thank you!!!

@Dan Leyden

Hi Dan,

Thank you for your post.

Could you message me some examples of which area and the rent prices for my budget?

Hello BP's

I'm looking for some RE guidance to buy a multi-family home in the Southern NY state area or CT. It needs to be a 2 family house, under $235k and up to $9k in annual taxes.

I know these areas are expensive, but I would like to know if my budget is doable.

Thanks! 

@Account Closed

Thank you Eric for your response. I just messaged you. 

@Heather DeGeorge

Thank you so much for your response, it is very informative. I will definitely follow your advices and keep the eye on those details. I appreciate your help! 

Hello BP's Im new to REI and would like to buy and hold (rent out) properties. Unfortunately, it will be hard to start this business in my area, which is the suburbs of NYC. Since I'm open to invest out-of-state, where should I do it? Any suggestions of cities with good return on rentals? Has anyone that also invest outside their state, could give me any advice in what to look and care for in this case? Thanks a lot!!!

Hi All,

I am newbie to RE investment and I am wondering how I would pay for my first flip or rental income property. I first wanted a multi-family home to live in one unit and rent the other, but in my area that is no less than $500k. So I started thinking to do a small flip. Buy some small house (under $80k), not necessary close to me, rehab for no more than $30k and try to flip it. It would be a small profit, but not much money to lose while learning.

One of my main concerns is that I might need a loan, because I don't have cash to present "cash offers". I even thought about FHA loan and live in the property for at least 1 year (not sure how right or wrong this is) and later rent or try to sell. Also thought about hard money loans, but since I have no experience, the rehab could take longer than planned and I would end with massive interest...

Anyone would like to share how they started or has any suggestion how should I?

Thank you!

@Brian Turnbough

You are right, that make sense... My main concern is that I might need a loan, because I don't have cash to present "cash offers". I even thought about FHA loan and hold the property for at least 1 year... (not sure how right or wrong this is). Also thought about hard money loans, but since I have no experience, the rehab could take longer than planned and I would end with massive interest...

Thank you so much for your help and participation so far.

I will start a new forum regarding this concern. My doubts can be other newbies' doubts too.

@Brian Turnbough

Yes, I only work with rentals because the process to rent in the city is very complex and it is in high volume. My license allows me to sale or rent, like any other state, but here it is suggested to start with rentals to learn the market and neighborhoods. 

Do you think houses listed on Trulia and other popular websites as "rehab" are good for a start?