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All Forum Posts by: Noel Guerra

Noel Guerra has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: First time buyer Loan Strategy

Noel GuerraPosted
  • Posts 1
  • Votes 0

Hello folks my name is Noel, very new to real estate investing and need some serious help! I want to BRRRR my first property, I believe I have found my niche! My Fiancee' and her dad own a roofing company so I am able to do full re-roofs at cost! So my plan is to find a house with a roof crappy enough that I can force appreciation very cheaply. Now my problem is we only have about 70k to our name and we live in the Bay Area. That buys us a dumpster here. I hear most lenders wont lend if the roof needs major repairs aka not livable, is there a way I can pinky promise we'll fix it in order to get the loan? Or any other creative finance that doesn't require crazy high interest rate or downpayment. THANKS

0 Votes