All Forum Posts by: Natalia Collini

A great first read for anyone just getting started in Real Estate Investing is The Bigger Pockets Ultimate Beginner Guide. It's free and you can find it here https://www.biggerpockets.com/real-estate-investin....

If you read through that and link to all the posts they mention and listen to all the podcasts they recommend, then you should have a fairly firm grasp on the basics of wholesaling and renting properties AND have a pretty good idea of what next action steps to take. 

Best of luck and I hope you are having a wonderful weekend!! :-)

Hey there average Joe, it's nice to meet ya! I hope you have a wonderful weekend and keep letting your ideas inspire and guide you!! :-)

I would love to try to attend one of these meetings. Those dates could possibly work for me. Wednesday evenings tend to be a bad day for me. Tuesdays work best and basically any other evening except for Wednesday. lol.

Thanks for your reply @Account Closed. I understand the primer thing. We had a wall recently repaired in our rental and the primer definitely was not pleasant to be around.  Looking forward to starting my own fixer upper soon! :-)

If strip malls are where you want to invest, then strip malls is where you should invest. But not before doing the research to find out what you need to know and who you need to meet to do it right. With your credit history and your financial situation, you should be able to get started in that area no problem. And anyone who tells you that's not the right way to get started doesn't know better, because over and over on the BP podcasts you hear stories about people who started investing "the wrong way" because they didn't know better and they did just fine or great even. 

With a VA loan you may even be able to do both. Theoretically you could go no-money down on a VA loan and then still take the money you've saved as a down payment on a commercial property. Now you've leveraged yourself into more units making you passive income faster. Just some food for thought.

Have a great day! :-)

Wow that sounds awesome! I have a couple questions for you. 

1. FHA means it was a primary residence. Were you living in this home during the beginnings of the renovation when there were holes in the floor and roof and collapsed back yard?

2. Did your kids live with you? How young were they? I have 5 young children, and while eager to start my first live-in flip I am trying to imagine how run down of an option I can actually work with having so many young ones running around. 

3. How difficult was it to get a 203k loan? Do you have any tips or advice on procuring one? 

Thanks so much for sharing your story with us! I am right at the start of my own first journey and am so excited!! My husband and I start looking at houses in just a couple weeks. Looking forward to hearing more from you, and have a great week. :-)

Hey there Matin. Welcome to BP. The short answer is it is possible for this to work for you before you are working full time.

But it's not going to be easy. 

It will require a lot of work and time on your part to get it started. You may need to invest outside of Singapore. You may need to find owner-financing or other creative financing options. You may need to drive for dollars. You may need to tighten your belt to try and save up a little money from your part time job.

Would tenants take you seriously? If you went into the business transaction with a serious attitude and a professional process then yes they absolutely would. 

If you are willing to put in the sweat equity to get this all started, then it is absolutely possible that you could have that stable business built 5 years from now. 

Bigger pockets is a wonderful community. It's pretty American based though, so make sure that you find other resources to help you study the Singapore market and see if that's what you want to do. Investing in another country could be difficult, but doable. 

Networking here will help you learn, build relationships and meet other investors who share your dreams and desires. Who knows, you may even meet your next business partner here!

I hope you have a wonderful week. See you around. :-)

Hey Khadijah. Welcome to the forums! Hope you're having a great weekend. :-)

It's really something you want to be doing together. Start looking for deals and make it known that you are looking for financing. If the deal is good enough, the money will come. If you found an amazing deal tomorrow then I can assure you that you wouldn't have too much trouble finding financing. You could very likely find it right here in the forums! Just securing financing won't get you anywhere if there is no deal though, so for me finding the financing too prematurely isn't a good use of my time. This is another newbie's opinion though, so take it for what it's worth. ;-)

Have a great day!

Thanks @Brendon Killian. Have a wonderful weekend. :-)