All Forum Posts by: Nicholas Arthur Hogan

@Scott Passman

I’m thinking of using private money for the down payment and closing costs, and then finance the rest with a conventional 30 year loan. I’m looking at duplexes for buy and hold. Any tricks on how to get all the numbers to calculate a deal. Do you just do rough estimates when it comes to water, electricity, gas, etc. or is there a website or database where you can pull those? Also, percentages of monthly income to pull for repairs, maintenance, etc.?

Thank you Scott!!

I’m currently looking at a property in Houston Texas that was built in 1930. It has been renovated by the current owner within the last year. It has a new roof, completely redone interior, and is a duplex. 3 bed 1 bath and a 2 bed 1 bath. I was wondering if anyone had any advice on buying older properties. Is a 1930 build year too much to take on for my first property even though it’s been renovated? If anyone has experience with these older homes in the Houston area any advice would be greatly appreciated. Thanks!!

What are the advantages and disadvantages of using private money? What kind of deal structures are most common? vs. personal financing when you don’t have a lot of capital to begin?

Is an FHA loan worth it if you plan to refinance? Also, with an FHA loan at what point are you allowed to refinance to pull back out your initial investment? How much of the mortgage needs to be paid down in order to do so. This is being done with a private lender. Thanks!!

Hey! My name is Nicholas Hogan. Brand new to bigger pockets and to real estate investing! Currently studying for my real estate license in Houston, Texas. I am in school full time at the university of Houston majoring in construction management and work full time at Houston’s restaurant! I have a job lined up with a commercial/residential real estate broker for when I complete my licensing. My goal is to open up my own commercial real estate development and investment company. Would love to network with anyone and hear your thoughts/strategies! Have a blessed day!