All Forum Posts by: Syed Ahme

@Curtis Waters. Thank you this is very helpful.

As I understand does this cash flowing properties does not need $$ down for due diligence?

Thanks for the inputs. Appreciate it.

I will into this seriously.

This is amazing. Congratulations John!. Your project and they way laid out was truly inspiring and informative. Honestly I never knew what a Solo 401k is before reading this. I just knew employer based 401k which I have. This is good stuff.

Morning BPs,

I am in the market to buy my first SFH - move in for a couple of months and then rent out. Since I'm new and first time buyer I have few concerns. I know BP and it's inhabitants are best to seek information from.

1. Is it recommended for me to reach out to different lenders/banks every day and have them run my credit for a pre-approval? Will this affect my credit score if multiple banks are running report within a short duration of time? - I've already reached out to one of them and got my pre-approval done but I want to shop around for few more days for the best option.

2. The mortage companies are asking me if I would ever rent or buying with an intent of renting out. I'm afraid to say yes fearing they may charge high interest or something else. I don't know why is it important for them to know that.

So those were my 2 main concerns. Please advice and share your experiences dealing with these scenarios.

Wishing you all a good weekend.

Cheers,

Syed Ahmed

@Melissa Nevich,

Thank you. I didn't know about this. Will consider them too.

@Melissa Nevich,

Thank you. I didn't know about this. Will consider them too.

@Corey Woodruff

There's a monthly HOA fees of $180-$200 average on the town homes I was looking.

Thanks for the book info.

Thanks a lot everyone. You guys are awesome. This is great information which allows me to look at my strategy from various different perspective. I will definitely go through the resources provided here and the meetup information.

Regards,

Syed Ahmed