All Forum Posts by: Sharaya Rutherford

I bought my house with a VA loan and didn't have to pay a down payment. Due to that, I completely forgot about down payments (oops). I read on one of the other posts that hard money loans typically ask for 10% down payment, which from what I'm estimating right now from the properties I viewed online would be $6,000+. I would really like to start my flipping business soon and I don't think I would be able to get that money unless I put it on credit (which is not even an option with my very money-conscious husband lol). Should I just write off HMLs? Are there any that don't require a down payment? I still haven't reached out to my bank (USAA) to see if they would loan me money for flipping so I guess that's still an option. I just figure a HML would be the best option to cover both the price of the home and renovation expenses.

@Whitney D.@Jason Wiles

I am also in the Augusta area. I just bought a house in Grovetown and I plan on starting my investing through flipping. I would like to get the ball rolling in September. I would love to keep in contact with you two as I start my investing! I'm sure you can teach me a lot about the market out here!

Hey everyone. I was just wondering how did everyone decide what they wanted to start their real estate investing with? I know I'm pretty interested in flipping but I think that's only because I'm still learning about the other options. So how did you, personally, decide when you wanted to start investing and what you wanted to start investing in? And what did you start with? 

Hey everyone. I just got my first house and, of course, I have a mortgage on it. My mortgage is so new that it hasn't showed up on my credit report yet (at least not according to Credit Karma). I would like to start investing in real estate as soon as possible and I am really interested in doing this via house flipping. In order for me to buy yet another house, I would have to take out some sort of loan (my credit is pretty good so I was thinking of just going through my bank; the Hard Money Loans kind of scare me).

I guess I'm a bit fearful about borrowing another large sum of money. I read that my credit is going to take a bit of hit temporarily due to the new mortgage and I know that I will have to take out a loan to start flipping. I would like to start flipping as soon as possible, but would it be better for me to wait about a year before I take on another loan? If I want to borrow from my bank, wouldn't I need my credit to go back up? Am I confused in the way mortgages and loans affect your credit? Help!!

Hey! I just bought a house through Blanchard and Calhoun. I worked with Debra Vernon. I loved her. She was extremely knowledgeable, always available, and very pleasant to work with.

I'm hoping to start looking at investment property really soon and I will be going straight to her!