All Forum Posts by: Rachel Geronimo

to go into real estate with NO money for reserves or operating capital .. and then buy 100% leverage property.. well this is a very good way to implode before you even start.

think of real estate as any other business .. you need capital to run it. and you need reserves.. same with your personal finance's...

If you have Capital in reserve then 100% leveraged deals if you choose to partake is fine.

or if you live right next to the asset and watch it like a hawk.

but if anyone who has been in buy and hold will tell you .. there are bumps in the road.. your relying on a 3rd party for your income ( tenant) what happens when tenant has an upset. what happens if your cash flow stops and you have no reserves what do you do then. ?

Thank you for the advice! Could you clarify what exactly is a 100% leverage deal?

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Greetings!

I'm relatively new on BP and with real estate investing. I want to do real estate part time (preferably do buy and holds on multifamily properties). After gradating college, I'm have been in a financial slump. I've recently bumped into an opportunity with No Money Down. I know it's possible, but I'm more concern about the risks that it can accumulate. With that being said, is it smart for a beginner to start with No Money Down? What are some risks that I should consider? Or what are some general advice that I should consider?

I am also currently abroad. I know it's possible, but is it hard for a beginner to invest in real estate while traveling?

Your thought? Please let me know!

Cheers!

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Originally posted by @Mark Ainley:

@Rachel Geronimo you have lots of questions but one jumped out at me. Wholesaling is tough to do part time in my opinion or it at least is much tougher to gain traction.

No capital, borrow it from friends and family. Even with wholesaling, to do it right you need some money up front to put into your operation for start up costs.

Thank you! I will definitely put this into consideration.

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Greetings! My name is Rachel. I currently reside in Taichung, Taiwan where I have been teaching English for a year. I'm just a traveler who has been living abroad for two years. I am originally from West Chicago, Illinois. I am relivatively new on BP, so I'm hoping to get a lot of advice for my real estate journey.

I want to get a clear understanding of what is best suited for my current situation. Here is my dilemma:

• Currently, I'm still trying to figure out my financial situation. I feel like it's best if I focused on refining my savings/spending strategy before taking on my real estate journey.

• I want to do real estate part time.

• Being a recent graduate added some weight to my finances. Not only do I not have capital, but I am in debt.

• I live abroad and plan on living abroad for the next ten years.

• I was thinking of wholesaling to build up a small amount of capital then continue forward with buy and holds on multifamily duplexes or quads. All in all, I know that I want to do both, but I'm not sure which route is the best for my current situation.

With this being I'm hoping you're able to help me answer the following:

• What advice would you give to someone who wants to do real estate part time, but doesn't have capital and is in debt?

• With my current situation, is it best if I start out with wholesaling? Or go straight to buy and holds?

• If I were to do buy and holds, I would want to use hard money to help me financially. What's your opinion?

• What is your advice on being a traveler while investing in real estate? I know it's possible, but is it harder?

Thank you so much for your help!

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All Forum Posts by: Rachel Geronimo

Rachel Geronimo has started 2 posts and replied 4 times.

Post: Help! No Money Down?! What's your opinion?

Post: Help! No Money Down?! What's your opinion?

Post: Hello from Taiwan! Newbie from West Chicago, Illinois.

Post: Hello from Taiwan! Newbie from West Chicago, Illinois.