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All Forum Posts by: Rolando Caceres

Rolando Caceres has started 6 posts and replied 33 times.

Hi everyone. Im a new pro member and I am so pumped to be part of the pro members team! Anyways, im trying to get all my facts organized while i save money to make my big investment for the first time. Just a quick note, i will be using the BRRRR strategy to buy my properties and putting down 20%. So my first question is should i use my FHA loan to acquire my first property (a duplex) (live there for one year) and then move out and rent the half i lived in? I ask you because if i was to refinace a year after my purchase i would be over leveraged right? So basically i just dont refinace?

My second question and the one i would like the most detailed (i appreciate it in advance) is if u can statr in numerical order what is needed to start buying your first rental property. So for instance. 

1) education

2) save minimum of 20% (not using fha)

3) learn your interested area as much as possible

4) ???? Do i reach out to a realtor first or an inspector or what exactly is the order. Im sorry if this requires alot of writing but who ever is willing to make this clear to me, i thank you 10x!

***Please list everything you can imagine in order. ***

@Anthony Wick Anthony thank you for the quick reply. Your commentbwas very helpful. Ill conyinue to do my homework using the BP forums.

Hi everyone, i was just wondering if useing an FHA loan to buy a duplex up to a 4-plex is a good idea? Surei will live on the property for one year but i asked my friend who owns 30+ properties and he said its bad because i will be over leveraged. Can someone explain this? Because as i do my reserach it seems like people are doing this alot and it works for them. So what does my friend mean? Thank you guys!