All Forum Posts by: Noah Frerichs

Hey Steve,

Thanks for replying! I've done a great deal of educating myself for about a year now i.e. BP Podcasts, reading books, talking with real estate agents, and such. I primarily plan on owning rental properties but I just don't have the cash to start right away. That's why i want to get into wholesaling. My idea with that, is that wholesaling is much safer and I wont actually have to put any of my own money into a deal, at least from what I know right now. I can then use the money I make from wholesaling to fund my other deals. I'm actually looking to find cash-buyers, do you know of where I should look to find them? I know you aren't allowed to put out your email/phone number on a Forums post but there must be a way I can contact someone through BP right?

For the most part I want to long-term hold rental properties, even some BRRRR down the road. Thanks again Steve!

Noah

Hi guys,

I'm very excited to start my REI journey in Auburn, Alabama! I will be a student at Auburn University in the Spring of 2022 coming from Williamsburg, Virginia.

I haven't closed a deal and I don't have any properties (yet), but i'm interested in all the different forms of real estate. I plan on house hacking when I move to Auburn and until then I want to get into wholesaling. 

Please feel free to reach out and let me know if there are local events I can attend to network and learn. Thank you!

Thanks so much man. Appreciate everything. 

@Nathan G.

I have not reached out to the seller about owner financing. Thank you for mentioning it!

So i've been thinking about loan options and there is this loan for VA veterans and my dad happens to be a veteran. Now this loan would allow me to put 0% down and a renovation loan inside of the entire loan. In the description of the loan, it says that to be eligible for the loan, the property must be their primary residence. My dad will not be living in the property so would we still be eligible?

@Frank P.

I thought so. But I do in fact have income. I work for a home improvement company and have been for roughly 7 months.

Hello everyone! 

This is my first post in the forums and i'm pumped to tell you guys I think I may have found my first deal. A little bit about myself. I'm 18 years old and currently a student at a community college in Williamsburg, Virginia and i'm hoping to transfer to the University of Virginia (located in Charlottesville) in a year. The reason I mention this is because i'm interested in buying a multi-family rental property in Charlottesville. I've been interested in real estate for many years now and have always had an entrepreneur mindset. Now, being a college student leaves my bank account pretty empty, so i'm looking for advice on some ways I could get a loan for a down payment and a mortgage. I know it's possible and I'm trying to educate myself so I can make this deal. 

Furthermore, I don't have nearly enough money to make a 20% or even 5% down payment. I've heard some mixed things about the "no money down" down payments but I don't really know of any other option. I know a little bit about hard money lenders and private lenders but not entirely sure how they work and where to find them. 

I believe I have found a killer deal and I can hear Brandon Turner talking about analysis paralysis and I don't want to miss out on this. I'm really looking for advice on how I should go about getting a loan for a down payment and mortgage. I also want to know if this is even possible. Meaning, is there a way exactly to get a loan for the down payment and a loan for the mortgage. Tips of any kind would mean the world to me so if anyone knows how I should go about this situation, please let me know.