All Forum Posts by: Ron Casas

Hey everyone, I got a question. I spoke to a private lender/investor on funding my first rehab. Lender said to come back with a proposal. How do I approach this? Or how is this is created? What is the basis/guidelines creating this? Contractors are already in placed and I can contact the insurance as soon I can get my first lead going. Thank you all.

1 Vote

Hi everybody! I signed up on the forums earlier back in the year when I first bought one of the Biggerpocketes book (The Book on Investing In Real Estate...), I was interested in seller financing a duplex but things changed. Now my current focus is in wholesaling distressed properties around the San Diego area. As of right now, where can I learn more about the rehab side of it? And what are your personal recommendations for finding properties? I'm ready with a broker on the side who can handle all the paperwork.

Thanks,

Ron Casas

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Originally posted by @Brent Paul:

It will be tough to get around that I think most loans will require 2 years of work history.

Unless you were to get seller financing or another investor that kicked in money to help with a down payment. Or just finding someone to cosign.

Did you read the free how to guide under the learning tab on top? It has loads of information. There are also many free podcasts here that cover this topic.

I'm just getting through it. I decided to finish the book first. Thank you for the feedback!

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I hope everyone is having a great day today. I was calling up my banks around the area and asking questions regarding to the FHA loan; apparently you need to have 2 years of work employment history unless someone cosign. I'm not planning to have my family on it nor friends. Is there any alternatives out there? I read on invesitng with low or no money down that you can lease to own but theres a clause. I appreciate it for the feedback. I'm planning to invest in a duplex-fourplex.

Thanks,

Ron Casas

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Originally posted by @Dmitriy Fomichenko:

Welcome to BP @Ron Casas Find and network with local investors using find feature! http://www.biggerpockets.com/meet

Also, be sure to set up “keyword alerts” to notify the topics that interest you.

Wishing you the best!

Thank you!

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Originally posted by @Bruce May:

Welcome @Ron Casas. There's also a REIA that meets at the Scottish Rite Center each month and has a couple hundred attendees. It's not too far from you. Find more details at www.sdcia.com

Thanks for the link! I will check it out.

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Originally posted by @Tim G.:

welcome! We have a meetup set for May 6th if you look up the events forum. It's in Kearny Mesa feel free to attend!

I will see you there! Thank you for the invite.

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Originally posted by @Baseem Gregg:

Great advice above... google, visit your local REIA and definitely stay tuned in to BP. BP has posts, blogs, and podcasts all specifically aimed at wholesaling. All in all, this site really is a wealth a knowledge and filled with people willing and happy to help.

Love the fact that you're 18 and thinking about and positioning yourself to invest in Real Estate. That's absolutely amazing!

Good luck!!

Thanks!

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Originally posted by @Greg Gibbons:

Welcome, Ron. Good advice above. Keep focused on learning. You can do this!

..... and come back here often. There are so many people willing to help you.

Thanks!

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Originally posted by @Sidney King:

Hey Ron, welcome! I wish I had found this site when I was 18! Your best place to start is to google "San Diego real estate investment group"... Go attend a meeting and introduce yourself just like you did here. That way people in your market can help you get started. Good luck and I hope that helps!

Will do and thank you!

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All Forum Posts by: Ron Casas

Ron Casas has started 4 posts and replied 11 times.

Post: First flip in California

Post: My re-introduction!

Post: FHA; any alternative?

Post: FHA; any alternative?

Post: New! Here's my introduction.

Post: New! Here's my introduction.

Post: New! Here's my introduction.

Post: New! Here's my introduction.

Post: New! Here's my introduction.

Post: New! Here's my introduction.