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All Forum Posts by: Nyoka Gilchrist

Nyoka Gilchrist has started 1 posts and replied 5 times.

Starting Out

Post: Newbie Post Looking for Advice

Nyoka GilchristPosted
  • New to Real Estate
  • AL
  • Posts 5
  • Votes 0

I very rarely see properties for $30,000.  I expect it would be in very bad shape.

0 Votes
Starting Out

Post: Newbie Post Looking for Advice

Nyoka GilchristPosted
  • New to Real Estate
  • AL
  • Posts 5
  • Votes 0

@Tony Mai Thank you!

0 Votes
Starting Out

Post: Newbie Post Looking for Advice

Nyoka GilchristPosted
  • New to Real Estate
  • AL
  • Posts 5
  • Votes 0

@Jonathan Greene I thought I would use the cash for a down payment on a rental property.  Just thinking  another possibility could be I finance a rehab and use the part of the 30K to rehab and then flip?

0 Votes
Starting Out

Post: Newbie Post Looking for Advice

Nyoka GilchristPosted
  • New to Real Estate
  • AL
  • Posts 5
  • Votes 0

@Joe Homs I havent seen any listings for 30K but I havent really started combing listings yet.

0 Votes
Starting Out

Post: Newbie Post Looking for Advice

Nyoka GilchristPosted
  • New to Real Estate
  • AL
  • Posts 5
  • Votes 0

Hey BiggerPockets! I am excited to jump into the pool of real estate! I'm being offered a personal unsecured loan to start investing.  Question: What do you all think about taking a $30,000 loan to invest in gaining a rental property at 11.99% interest? 

0 Votes