All Forum Posts by: Shiloh Lewis

@Lawrence Dy Thank you for the advice. That definitely helps out a lot! 

Hi all, I recently began my search for my first property. I have just completed an application for an FHA pre approval with Fairway Independent Mortgage Corporation which was recommended to me by my Real Estate Agent.

 My question is, should I also apply to other banks as well or should I do that prior to purchasing. I've also thought about going through quicken Loans as well which was recommended to me. I plan to refinance the property after the 1st year of ownership so I'm not sure how necessary it is to spend so long and running my credit getting the lowest rate now if I plan on refinancing in about a year. Once I refinance, I'd definitely search for the best possible rate, where I've heard that you should shop for at least 2 or 3 of the best rates that I can get. 

Haha oh man that's a very good point! I don't know how much I'd love the snow being from California lol. But thank's for the feedback! Just shot you a DM as well too! 

@Anthony Vaiana okay this is good to know. I didn't realize how competitive the market fit multi family homes was out in Milwaukee. And yes, realistically my plan is to go back and forth. I work from home 100% of the time and currently bounce back and forth weekly between Long Beach California and the Bay Area. So I will be spending my time broken up between Long Beach, where I currently live and either city I decide to go with. So if plan to spend a few months out of the year there but knowing I wouldn't be able to rent out my unit for you the first year.

Hello all, with 2021 up and running I am hoping to purchase a cash flowing rental property within the next few months. I have about 15k down and have always had a goal of purchasing a home before my 24th birthday in June of 2021. I am in between markets because I have been drawn to both Milwaukee and San Antonio. I currently live in the San Francisco Bay Area and with this being my first property I would like to keep it fairly reasonable to get my portfolio started. With that being said, my question is does anyone know of any major reasons why one city would be more beneficial than the other. As of right now I know that my main goal is to have a Cash Flowing Property. With Milwaukee being a much cheaper area I would plan to use an FHA/House Hack as well as a 203k Loan to purchase and rehab then rent. With San Antonio, I'd most likely plan to purchase a Single Family and use the FHA/House Hack OR just get a conventional loan at 3.5% down and rent it out. I guess I was hoping for some guidance as to which market would benefit more or less in my situation. Hopefully I wasn't all over the place and would love any kind of feedback.

Hello all, with 2021 up and running I am hoping to purchase a cash flowing rental property within the next few months. I have about 15k down and have always had a goal of purchasing a home before my 24th birthday in June of 2021. I am in between markets because I have been drawn to both Milwaukee and San Antonio. I currently live in the San Francisco Bay Area and with this being my first property I would like to keep it fairly reasonable to get my portfolio started. With that being said, my question is does anyone know of any major reasons why one city would be more beneficial than the other. As of right now I know that my main goal is to have a Cash Flowing Property. With Milwaukee being a much cheaper area I would plan to use an FHA/House Hack as well as a 203k Loan to purchase and rehab then rent. With San Antonio, I'd most likely plan to purchase a Single Family and use the FHA/House Hack OR just get a conventional loan at 3.5% down and rent it out. I guess I was hoping for some guidance as to which market would benefit more or less in my situation. Hopefully I wasn't all over the place and would love any kind of feedback.

Hi all, I was hoping for some help to decide if it may be a better option to use a hard money loan or an FHA to acquire my first rental property. My goal is to buy and hold for cash flow by purchasing 2-4 unit properties so that I can one day become a full time Investor. I'm having a hard time determining if it would make sense to move forward with a HML in order to purchase, rehab and refinance into a conventional OR use an FHA to live in, rehab and refinance into a conventional. I've found myself stuck between the two options for a while now and was hoping for some feedback.

Hello all,

I was hoping to get a little advice on the most efficient way to go about getting pre qualified for an FHA loan. I live in the Bay Area and at hopefully taking advantage of lower rates and purchasing a duplex in the next month or so. Is there any way that's "best" to go about finding the best rate? I bank with BOA, Chase, and Usaa so naturally these cane to mind.

Best,

Hi guys, I’m a little tied up because I’m lucky enough to have a family member willing to sell me a property in Arkansas. I just need some help with mineral rights and also the property is in a deceased persons name. What should be my first couple steps to approach the situation? Any advice would be greatly appreciated!

Hey guys, I'm posting here today looking for a creative mind to help with a name for my Wholesaling 
Business. I've been stuck for a while now and have such a hard time coming up with something catchy. Anyone have any original and creative name recommendations to help me get started. It would be greatly appreciated!