All Forum Posts by: Marissa Perez

There are mortgage loans, private money lenders, hard money lenders, etc. what is the best option for first time investors, realistically do private lenders loan to people who are just starting out? Are bank loans the only way to go?

Wanting to connect with other REI in the Dallas area, help each other out?

I really want to stop procrastinating and finally move forward with my career in REI. I'm currently working at a warehouse I'm 19 years old I have about 1000$ in savings still working on my credit but it should be very good in about 4 months. I guess my questions are how much money do you need to start investing? Do I take out a loan? If I take out a loan how much do I want to take out? I want to stick to a property that's less than 150,000 maybe I'll rent it out or fix/flip, single family. Would you suggest starting with my own money? How much should I save?

I went to a seminar here in Dallas Texas and the only thing they taught me and of course made it seem so easy was wholesaling. Now that I’ve joined BP I’ve seen a lot of experienced investors saying it’s not a good idea to be a wholesaler and how no one trusts them. So if wholesaling isn’t a good way to get started in this business then what is? Should I start by saving a ton of money and just buy a cheap house fix it up or rent it out?

a house across from me is a being sold, met the old lady living there she is basically blind so I’m guessing they are taking her home or putting her ima home the inside is very very old no new renovation looks like 1950’s-60’s they are selling for 150k very nice neighborhood, park, college land high school right by the house and a bunch of restaurants fast food down the street but if anyone located in Dallas Texas wants to help me wholesale this deal you’d get a great payoff it’s a good house just needs renovations updating! I am still new at this and it would be my first house and this would be a great start! Thanks

I’m not sure if I should start out by doing a fix/ flip. Do I have to have money saved up beforehand? Where do you usually find good house deals? Do I have to get a loan?

@Dardine Eduardo Soto where can I find the ultimate beginners guide?

Hello I am a newbie, sorry if I sound clueless but I like to go over every detail and I’m hoping you guys could help me! found a house on Zillow , motivated seller $126,000. Outside looks great but no pictures of the inside. I am trying to wholesale this house. Do I contact the agent and make an offer, what exactly should I say I don’t want to sound unprofessional. Also I am oils need to view the house because they didn’t post any photos so I don’t know if it needs any repairs. Any advice?

@Marissa Perez also lets say the the property is worth 100,000 how would the number work out

I recently went to an investor group in Dallas tx. From what I learned there was to find a motivated seller get the house under contract for 70% find a buyer and sell it to them for 80%. It was pretty vague so I’m still having trouble figuring out everything because if the house needs repairs do I have to deduct that from the 70% and after how much does the seller get and how much do I sell the property for?