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All Forum Posts by: Rayisha B.

Rayisha B. has started 1 posts and replied 9 times.

Originally posted by @Keyonte Summers:

Yes, very much possible I have bought that low just ask around for different lenders. All banks dont have a minimum loan limit just call and ask around. I use Huntington for my purchases that low.  

@Keyonte Summers Are you getting the loans with Huntington under your name or LLC? Does loan include price of home plus rehab or just the home purchase price?

@Brooke Noth If purchasing a SFR with a FHA loan, can I refinance after a year? Also, if I rent a room out through airbnb okay?

Any information for tiny home set up in Texas?

@Marisa R. Thanks for your input! Do you reside in Detroit as well or are you investing out of state like I would be?

@Jamiel Strickland Thank you for responding!

Yes, cash flow is the goal as well as contributing to the come up of an underserved city. I am looking for my first property to be a duplex for sure. Still trying to figure out the best way to purchase and which area.

First I am planning a trip there in the coming weeks to meet with key people and check out the areas. Perhaps we can meet at that time. Do you have any further advice at the top of your advice list?

@Matthew Paul You are right! I am actually working on going for a few days before the end of this month. Thanks!

@Leroy K. Williams Thank you so much for your feedback!

I definitely want to buy and hold and look for reputable Property Management. Any suggestions there? 

Do you have any advice on purchasing property through LLC?

@Wilburt King Thank you Wilburt. I am working on that now. 

Greetings Everyone!

As of lately, my focus has been on how to buy investment property in areas that will make a difference in under-served communities. I grew up in South Central Los Angeles and wanted to invest there but since the prices are so high, I am not able to start there at this time.

So I have shifted my attention to Detroit, MI. I am looking for advice on investing on out-of-state investment properties.

I am ready to purchase my first house or duplex, then do the BRRR method but am concerned about refinancing to pull funds out to purchase another property under an LLC. Any advice here?