All Forum Posts by: Marquell Jones

hello bp family. I need advice on usda loans. The questions I have are: When is it applicable to go for a usda loan? What are usually the criteria for getting usda loan? What are the pros and cons? How much of a down payment would you need, vs that of a fha loan? Seeing fha are usually a lower down payment program. I'm getting a lot of questions about going the route of a usda loan. Any contributions to this thread will be GREAT!! THANKS

@Doran Summers,  someone who has experience in investing.  A person who can help me step by step,  from beginning to end on the process of a deal.  Meaning, after I find a property I want,  then what, then what, etc. 

I would go for the 4/2 . You are getting 4beds which is more important then a half bath which would only consist of a sink and a toilet. Alot of folks would still charge for a half bath but you would get more bang out of having a extra room.

@Mark Gallagher 

I'm not a wholesaler persay , I can't change my title on here. But I'm a "WANNA BE" investor. So they would be interested in selling to someone who wants to own it...? Of course I would most likely rent it out. How would I address them and what would they want from me in order for the transaction to go through? And is it a take as is property? 

hello again bigger pockets family. There is a townhouse that is 2bed/2ba on corner lot. The people that were living there has not been there for maybe 6 months and there is a big Green trash dumpster there. I did a lil research and a real agent told me that an investment group owns it and there is a quit claim on the house. What does this mean? And how would I be able to own this property? 

Thanks

Hello BiggerPockets family .  I have a question for chaining a  2-bedroom 2-bathroom 1300 square feet townhouse  that is owned by an Investment Group .  Now this town house  is not currently on the market but  I'm guessing it's soon will be within the next month or two .  its tax value is listed at 95 k. So my question is what is the next step for me to be able to get my hands on this property from the Investment Group before it hits the market? Also if there's anybody that is willing to put up the profit for the townhouse I am willing to split 50-50. Also this townhouse is right next door to me in the same subdivision and I'm guessing that it doesn't need that much of repair just TLC or maybe cosmetic.

my work schedule doesn't allow me to make the reia meeting held once a month on a Monday. 

Hello BiggerPockets family .  I'ma make this short and sweet y'all .  I'm looking for a mentor in Alabama, mainly in the Birmingham area  or Shelby County area .  Now I know the guru cost an arm and a leg and I don't have an arm and a leg to give .  But I do have  Mentor money  to give and start and get this process underway . If anybody knows of a mentor or is a mentor themselves please contact me ASAP .  I'm ready to risk and I'm tired of waiting . 

hey B.P. family. I'm just going to jump straight to it. There is a house that is owner finance. Twenty-three thousands Cash or two hundred and fifty dollars monthly. With a five hundred dollars down payment. This would be a rental or wholesale, nothing more.  The house does need work but don't know how exactly. 3/1 maybe 4/1. I haven't seen it in person but they have pics. Not to say that justifies. So how would I tackle this? I can afford the down payment and the 250 a month until I get a tenant in.  Willing to take a partner who funds the project and split 50/50 profit. 

Hello BiggerPockets family I love coming here asking questions cuz I know I'm going to get a response. There is a new housing community being built right across the street from me and I stay in town houses. I think that they are going to be townhouses but I'm not a hundred percent sure. My question is would it be smart to buy a townhouse or house and that new community and then rent it out? Keep in mind this is going to be a retail price Buy. In essence would I be paying too much for it.