All Forum Posts by: Mikal Quintanilla

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While looking around for deals, I’m noticing a TON of homes in my area for Auction and Foreclosure! Thinking about buying a few, but Ive never done this before.

I wanted to see if anybody has successfully taken advantage of the deals? What’s the beat way to invest in these types of homes that are up for auction and foreclosure? What are the pros and cons? Any insight would be greatly appreciated! Thanks!

-MQ

Question for those that have experience with home remodels and house flips:

Any recommendations for a good remodeling software? Figured this would be a great way to get a good idea of what the house will look like before the project is complete. Any feedback or recommendations would be greatly appreciated!

@Elise Marquette

Thank you!

Interested as well!

@Elise Marquette

Wow, Elise...thank you very much for taking the time to provide this insight. This is very very helpful. As I am very new to Real Este Investing, lending, funding deals, etc, this has given me a good understand on how to best position myself to apply and get approved for a conventional loan. The honest feedback is exactly what I needed. Again, this is greatly appreciated!

-MQ

Will lenders approval a loan if you bring them a great deal?

Although I may not be in a perfect financial position to get approved for a loan to purchase an investment property, ( credit score, income, debt, etc) I’m wondering if a hustle and look for a deal, do I have a chance to get approved? Any feedback would be greatly appreciated. Thanks in advance.

@David Barnett

Wow...this is incredible! I really, really appreciate this!

Sounds like I got some work to do, but that’s perfectly fine. This is exactly what I wanted to know. I’ve read a lot, watched a lot of videos, but I wanted to know what the process would truly look like from someone like who who’s actually done it. Again, thanks again for the insight! I wish you nothing but the best sir!

@David Barnett

Great point...I appreciate that insight! To take that a step further...how do you recommend making that meeting beneficial for both parties? If I had something scheduled, I’d take the individual out for coffee, lunch, etc. But what kind of value are people looking for when you meet with them?

- Trustworthiness?

- Experience?

- Capital?

Or are people okay knowing someone like me doesn’t have experience or capital to make a deal happen but willing to hustle to make it happen?

@Odie Ayaga

Sounds good...thanks again! I appreciate it.