All Forum Posts by: Peyton Finical

@Nicholas L.

That makes sense, I think I’m just going to go talk to my bank and see what we can do!

@Michael Quealy

Awesome! Thank you so much!

@Michael Quealy

I’ve not thought of that! Could be a really good idea, I know I don’t have enough for the 20% down. Could I just use private money for that amount?

I’m trying to make my first deal and I have hit a bump in the road.

I work for an Amazing company that has allowed us to buy their homes for a 10% discount (it is new construction).

What I’m looking at is a town home that is selling retail at $230,990. With this discount it would put the purchase price at $207,891.

Here’s the problem: My wife and I are both relatively new to this job and it’s sales, so you need 2 years worth pay stubs to apply for a loan with the bank. I’m thinking about reaching out to private money but I’m just not sure of all my options.

My goal with the property would be the BRRRR strategy, the rental value of this property would be $2000 a month.

Is there any advice y’all could provide?

Thank you!

I am a newer real estate investor in Baton Rouge, La. I was reaching out to see if there are same interest meet ups here? Let me know!