All Forum Posts by: Nolan Rowland

Hello,

I am currently trying to purchase my first property and have found myself in a bind. I have found an off market triplex (2x 1b/1ba, 1x 2b/1ba) that needs new kitchens and bathrooms in all units and some work on the interior, but has the potential to be a home run. It's within walking distance of a local private college and has the potential to net almost 100k in equity after fixing it up due to the purchase price being so low and nearby houses being bought by aforementioned college and renovated. It also shows great potential to cash flow based on the nearby rent and some conversations with a local realtor. 

The 203k loan estimates require ~$70,000 up front, and the non-203k loan estimates will require ~$110,000 up front. The problem is I don't have the money on hand to make it happen and it feels like a project that is beyond what I can handle on my own at this time. I don't want to let this one get away, but I don't really have anyone close to me who is able to support this kind of project. Can anyone help?

Hello,

I just graduated from college and am fairly new to real estate. I am trying to work with a turnkey company to secure my first property, but am having trouble getting pre-approved due to my unique circumstances. I am a commissioned officer in the National Guard and am on orders until January, but do not have a job lined up at home yet due to a potential follow on assignment. That causes an issue with lenders who are unwilling to take the risk. Is there anything I can do to help secure the backing of a lender, or will I have to wait until I get off orders?

Hello,

I am 21 years old, just out of college, looking to get into real estate. I am very interested in buy and hold renting and am looking for a mentor to help guide me. Just someone to show me the ropes, help me get on my feet and understand how to "do" real estate.

Im just starting and I ran the numbers on this house and was curious to see if anything is wrong.

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*This link comes directly from our calculators, based on information input by the member who posted.