All Forum Posts by: Olga Merino

@Kevin Sobilo Thank you for your advice. Currently he qualifies his work on the rentals as passive income on his taxes, so i'll let him know to contact a certified accountant to make sure he is in the right path to getting his full social security income.

Thank you again!

My dad is close to hitting his retirement age and has heard that he needs to either sell his rental properties or pass them down to his children in order for his social security income to not be affected. Is this true? Does anyone know of someone who retired and didn't receive their full retirement income because they own rental properties?

Thanks in advance.

Hello, I'm also from Laredo, TX and would be interested in REI meetups. My family owns a couple of properties in town and I've been learning the ropes to continue growing the business and eventually start investing myself.

Thank you everyone for your comments! Most were really helpful. I'll be sure to keep them in mind moving ahead with my investing!

@Bjorik Mutize

Thanks for your reply.

I do need to sit down and talk with her. Tell her my concerns and explain that I don't need her to analyze properties or do comps. I just need her to be able to show me a property or submit an offer for me before a property is contracted.

@Bill Plymouth

Yes I've been looking to that type of FHA. There's not many HUB approved contractors in my area so that may be difficult. But I'm willing to look into it more since most of the properties do need renovations.

@Caleb Heimsoth

My market is actually Laredo, TX not El Paso, TX.

Im the one, with the help of my parents, doing all the analyzing and and looking for deals and if I find something I like, I email her so we can go see the property and get more information on the property if I can't get it online.

I'm open to other different ways to financing a property. Most of the properties here do need renovations. The only ones that qualify for the FHA loan are the recently built ones. And I'm not looking into that.

@Bill Plymouth

Thanks for your reply.

Yes I've been analysing the properties myself and I email her right away when I find something I'm interested in. And yes like you said, Realtor.com and Zillow don't update regularly but they have helped me see other properties within the market that don't get sent through the email listings she scheduled.

I just feel when I'm really and excited about a deal and ask her to schedule a showing for me, she either responded too late or flat out says no because it's not within the FHA loan requirements.

I've been wanting to invest in Real Estate for a couple of months. I've been listening to the podcasts, and reading articles here in BP while looking and learning more about my market.

At the same time, I contacted the real estate agent that helped my parents started out in real estate investing to see how she could help me. She signed me up for an automatic listing and she also helped me get pre approved for an FHA loan so I can house hack my first investment.

She helped out a lot at the beginning, but when I started to find deals on my own through realtor.com or driving for dollars, something change. She wouldn't reply in a timely matter, and when she did, She would reply I wouldn't qualify for the property under an FHA loan or that it was already contracted .

I feel she's becoming a rock on the road and not really helping anymore to keep moving forward and start making offers or find good deals.

Should I find another realtor that will help me ? Since she helped me get pre-approved with someone she knew, would I need to get another bank to pre-approve me?

@William Battistelli

That software sounds interesting. I'll look into it and contact you if i have any questions.