All Forum Posts by: Semaj Dorsette

@Steven Wilson I have a meeting with the lender tomorrow, yea I have a job 13 years and going, I recently got a new position, so my previous W2’s weren’t as high around 60-65k, so maybe my debt to income didn’t support a higher mortgage, but will confirm tomorrow on the call.

@Angie Castro yes I found a realtor and he referred me 3 lenders, this was one of the 3. Never consider HML, always thought of them as a brrrr strategy, and for my first property I was trying to go the turnkey route just to get my feet wet. Going to look into those market suggested thanks

Hello good afternoon to all hope all is well…..I guess I just need to vent so bare with me plz lol Sooo after countless YouTube videos, reading books and talking about real estate with anyone that would listen I started the process of getting a Heloc about 3 weeks ago and decided to invest in the Michigan area. Original amount I was seeking was $100K and due to many factors I could only get $45K, got in contact with lender and seems $80K is what I’d qualify for. So now I went from looking to a getting a small multi family to getting at best a single family home. Should just use this as a opportunity to get into a real estate market and get some experience or wait until I can get a larger property before making such a big move as this would be an out of state investment!

Want to talk to someone in the south Florida area who either are actively In real estate or novice, I’m just trying to get my feet wet, looking to get a property by next year!