All Forum Posts by: Taryn Cuen

There are cheap homes, but a lot of C-D class neighborhoods, so you’ll need to be careful about what you select unless that’s your strategy. Mine are in a B neighborhood that attracts military.

I recommend joining a Facebook group for Montgomery investors or REIA that do more than post about homes for sale. Maybe you can connect with someone that can help identify areas that suit what you would like to do.

I agree with Theresa as well. REI is a long game. Keep educating yourself on the area so you'll be ready when the time comes.

I hope this helps.

I wish you all the best.

Hamp how you you figure out neighborhood classes? Is there a database? thanks!

There is not an "official" guide from HUD, but BiggerPockets has a great article here on the differences:

https://www.biggerpockets.com/blog/real-estate-property-clas...

thank you!!

0 Votes

Quote from @Ko Kashiwagi:

Hi Taryn,

You can still find deals with $25,000 down. Many lenders have a minimum loan amount of $100,000, but there are a couple lenders that can fund loans as small as $75,000. With your $25,000 down payment + closing costs you should be able to purchase a $100,000 property. Feel free to message me with questions.

yes that is our price range. thanks!

0 Votes

We are just getting started in our REI journey and right now trying to get pre-approved and pick a market. We have $25,000 all in to invest, does that seem like enough? From everything I've read you can get started with no or little money down so I'm surprised the One Brokerage told me they couldn't help me....

Taking on a partner is not an option however we could do a HELOC as we have a TON of equity in our current home but we would rather not.

Any advice for a newbie?

Thanks!

0 Votes

Quote from @Hamp Lee III:

I have rentals about 20 min from one of the military bases in Montgomery.

What I find is that the appreciation for homes is like watching yeast rise in an oven at low heat. 😂

There are cheap homes, but a lot of C-D class neighborhoods, so you’ll need to be careful about what you select unless that’s your strategy. Mine are in a B neighborhood that attracts military.

I agree with Theresa as well. REI is a long game. Keep educating yourself on the area so you'll be ready when the time comes.

I hope this helps.

I wish you all the best.

Hamp how you you figure out neighborhood classes? Is there a database? thanks!

0 Votes

All Forum Posts by: Taryn Cuen

Taryn Cuen has started 1 posts and replied 4 times.

Post: I am new and want advice

Post: Was told One Brokerage won't do a loan for under $150,000?

Post: Was told One Brokerage won't do a loan for under $150,000?

Post: I am new and want advice