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All Forum Posts by: Pedro Jimenez

Pedro Jimenez has started 4 posts and replied 14 times.

Post: Just quit my job and started to drive for dollars

Pedro JimenezPosted
  • Investor
  • Dallas, TX
  • Posts 18
  • Votes 8

I appreciate all the comments.  Im currently sending 50 letter per day from driving for dollars, and making 20 calls to FSBOs.  1 appt so far tomorrow.  The reason I quit my job is because i have been trying to get started for the past 5 years and I have not followed through because I was making good money at my job.  Now I have nothing to rely on so I'm forced to work to not go back and work for somebody.  its overwhelming at times, but challenges make me feel alive?

Post: Just quit my job and started to drive for dollars

Pedro JimenezPosted
  • Investor
  • Dallas, TX
  • Posts 18
  • Votes 8

thanks to all of you for the advice.  I'm new to bigger pockets as well.  Don't know hot to use bigger pockets much, but will keep in touch to let y'all know of my adventures

Post: Just quit my job and started to drive for dollars

Pedro JimenezPosted
  • Investor
  • Dallas, TX
  • Posts 18
  • Votes 8

anybody has advice for me?  I just started my real estate business full time.  I have 2 months worth of bills in the bank, so I have to make something happen withing that time frame.   I'm driving for dollars, and want to know if anybody knows of an app to log all my findings.  also can anybody recommend a good lead organizer?  and how about an auto responder?

Post: Borrow more money on my property? or get a new Loan?

Pedro JimenezPosted
  • Investor
  • Dallas, TX
  • Posts 18
  • Votes 8

I have a Property worth about 110K in Dallas TX,  I owe 60K.   I financed with private lender at 9% interest because I could not qualify for a loan 6 years ago, now I might qualify, my credit score is in the low 700s I make about 60K a year but my credit history is only 2 years old.  I currently own another house that is vacant because I do not have the capital to fix...My question is; If I'm trying to qualify for a traditional mortgage for a 3rd house and also trying to fix my vacant house, should I go back to my private lender who would lend me an extra 20K and charge 4K to do this.  The lender would then ad the 24K to the note (at 9%)...  Or is that money too expensive?  Should I look for other type of financing? 

 if anybody can point me in the right direction please