All Forum Posts by: Shaniqua Knight

LTR's are still cash flowing in certain markets, it all depends on the ratio of price:rent, which has grown too high in certain areas. STR/MTR's can definitely cash flow more if A) your market supports it B) you can mitigate the risk of vacancy and C) you have the time to be hands on.

 So a number of years ago, I obtained my license to sell health and life insurance. I work for AFLAC for a time and it was a whole lot of door knocking.  basically  prospecting. Later I worked for another company and it was a whole lot of prospecting and trying to chase down potential customers as well. All of which was 100% commission based. ( I no longer sell insurance.)

Being 100% commission is a job in my opinion. being a realtor, for some people could be a good income depending on how hard they work being a insurance sales person can be a good income depending on how hard they work. Neither job equates to owning real estate. Both jobs if you made a lot of money you could invest into real estate.

I had one gentleman tell me four years ago that he was a real estate investor because he just got his realtor license. I didn’t even take the time to correct him .

How are you doing bigger pockets family, my name is Ameir Gomes and I’m from providence RI. I’m a young 20 year old investor and I am fortunate to have wholesaled my way up to $25k. The reason for me making this post is to connect with experienced investors who wouldn’t mind helping me get my feet wet. Like they say knowledge is power and network is net worth! Id love to partner on a fix and flip to learn more on how the process works as well as build long term relationships. I’m also open to buy and holds as well since this is my long term goal. Partnerships, advice, guidance is very much appreciated, can’t wait to hear back from some experts who are willing to help and hopefully be able to work with y’all!

Thank you!

I recently purchased my first property (turnkey) using a conventional mortgage. After purchasing it, I realized that saving up for the down payment (25%) every year is going to be a really slow way to grow my portfolio but I see many investors buy multiple properties a year. How do you do it? How do you fund the down payment?
I understand that the BRRR method is one-way to cycle money and fund future projects but what are the other methods that people use?

Hi I'm Tim Pagel - I work for a nationwide (all states except UT, OR, SD, ND, MN & VT) lender that offers table funding for brokers and third party originators.  There are many benefits to originating 'Business Purpose' Residential RE Investor Loans using me as your wholesaler provider vs. consumer loans:

- No DTI ratios, No tax returns. We underwrite to the borrower's credit score and DSCR of the property/portfolio on a stand-alone basis.

- We will fund the entire loan balance! No more putting up the 'B piece' and limiting your origination capacity due to capital constraints. Save your business capital for your business and let us fund 100% your loans.

- YSP and Points paid at closing with no back-end loan performance risk. You focus on origination, get paid at closing, and let us worry about underwriting the files and placing the paper. No more stressing out about taking haircuts on originating loans in a rising rate environment, just focus on origination!

- Quick closing times: Loans close in as short as a handful of business days to around 30 days, typically.

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number of properties owned limits

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With your portal access you can originate and price loans, upload docs, order credit, appraisals, title/closings as well as be assigned your own loan coordinator & underwriter to get your loans closed.  

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Hello all! I'm a 23-year-old first-time investor on the road to financial freedom. I'm looking to get started in the NJ/NYC area, specifically in Essex County or Hudson County. I currently work from home and live with my parents, earning about $50k per year. My goal is to start my investment journey in late 2023 or early 2024, and I'm considering house hacking and rehab strategies. While I'm a bit intimidated by the idea of flipping and rehab, I'm fully committed to this journey. If anyone has experience with these strategies or is familiar with the area, I'd love to connect and hear your advice. Thanks!