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All Forum Posts by: Michelle Dong

Michelle Dong has started 13 posts and replied 87 times.

Post: 1st time looking to buy an investment property

Michelle DongPosted
  • Investor
  • West Palm Beach, FL
  • Posts 89
  • Votes 41

@David S. Thank you for your advice. I will do more research and attend some meetups to start networking. I have thought about looking at off market properties as well, but I guess it’s me not knowing where to start 

Post: 1st time looking to buy an investment property

Michelle DongPosted
  • Investor
  • West Palm Beach, FL
  • Posts 89
  • Votes 41

Hi Raymond, thank you for connecting! Yes, I would love to learn more about this.   Could you please explain this?  Thank you 

Post: 1st time looking to buy an investment property

Michelle DongPosted
  • Investor
  • West Palm Beach, FL
  • Posts 89
  • Votes 41

@Brian Garrett

Since my options seem limited. In your opinion, what are some ideas of next steps I could be taking to make this work?

I have also thought about looking into duplexes, and 4plexes. As you know, in Palm Beach those are approximately 400,000.

Post: 1st time looking to buy an investment property

Michelle DongPosted
  • Investor
  • West Palm Beach, FL
  • Posts 89
  • Votes 41

@Todd Trader Hi Tom, I think I have emailed you. Let me know if you did not receive my contact information.

Post: 1st time looking to buy an investment property

Michelle DongPosted
  • Investor
  • West Palm Beach, FL
  • Posts 89
  • Votes 41

@Brian Garrett

All the deals I was spooking at with that price range was in a high crime rate area. I thought about finding a partner to go into a deal with me as well. What are you thoughts ?

Post: 1st time looking to buy an investment property

Michelle DongPosted
  • Investor
  • West Palm Beach, FL
  • Posts 89
  • Votes 41

Hi Brian, thank you for such a quick reply. I talked to my broker and he told me I qualify for a house at max of 160k with no HOA and a townhouse or villa of 125k with a max HOA of 250. I will be using an FHA loan, that's why I was planning to use the house hacking strategy.

Post: 1st time looking to buy an investment property

Michelle DongPosted
  • Investor
  • West Palm Beach, FL
  • Posts 89
  • Votes 41

I live in West Palm Beach Florida and am looking to buy a SFH to house hack. The issue I'm having is finding a townhouse/villa or SFH to fill what I qualify for. Any advice on how I can find deals that catch flow and fit in my financing criteria? Thank you in advance.