All Forum Posts by: Rumi Velazquez

@David Ounanian. Thanks for sharing! It’s inspiring to read that you were able to push through and use the learnings to become successful. I also purchased my first duplex in St. Louis earlier this year and had lots of good learnings. I hear it’s hard to come by good contractors. Wishing you much success!

@Joe Facenda This is super helpful, thanks for your post and advice! This helps cement my thinking around balancing relationship with cost -- you’re absolutely right about percentage points not making a big difference for my initial budget and that I will want to build a relationship with people and not a company. Thanks again.

@Justin Wotring Congratulations!! This is very inspiring. I also live in CA and am looking to complete my first deal in MO. Glad to hear you found a team you can trust. That makes all the difference for OOS investors! Congrats again

@John Warren Makes sense, and that helps, thank you!

I am working on my first deal in St. Louis and seeking guidance on how to best select a lender for my first investment property.  I have ~$20K for down payment and thinking I can purchase a property between $100K-$150K using conventional loan, with 10%-20% down.  First off, is that realistic?  I own my current residence so have that on my credit report. My initial strategy is to buy and hold.  Should I use aggregators like better.com or lending tree on BP to compare quotes, or ask around for referrals?  Thanks in advance for any input you can provide.

Thanks @Aaron Belt - I couldn’t agree more and am positively overwhelmed by all the knowledge, experience and resources on BP! I am making a point to take at least one action every single day.

I’m truly inspired by all of you everyday.

@John Webber - That is fantastic and what I aspire to long-term. Thanks for the offer and look forward to seeing your successes!

@Sofia Sharkey - Thank you! That’s an interesting strategy and may consider it down the road. Wishing you much success!

@David James - Thanks for the post! It’s been amazing so far, I’m kicking myself for not jumping in 3 yrs ago!

@Gabe Monroy Thank you! Will do.