All Forum Posts by: Tatyana Edgeworth

@Wale Lawal thank you! I am definitely excited and ready to take risk. I feel if I was too have a good real estate agent who is a investor would benefit a lot. I am looking to buy a multi property in a good location that will appreciate and I am willing to fix up the place but I wouldn’t have the money for the fixing part endless I get a 203k loan. For future properties, would I buy with my house credit and then use a hard money lender for the rehabilitation only? Or would they be used for the whole purchase and the after appraisal, I can use the bank 30 year loan?

@Paul Welden okay I am definitely sticking to the BRRRR method, although I need to figure out how to be approved for a 203k loan. Also, to look into a hard money lender for future properties.

@Paul Welden would you recommend a new construction to start? Or would that mess up my whole plan starting it that way. Should I find a different market or start single family? What’s your input on it if you was in my position?

@Lee Hampton is there any way I could get a multi-property in the Houston area? Using the BRRRR method? I want to make sure I am making the right decision or should I consider single family homes as well? I'm just afraid to not start with a multi home because it would be harder to get in to.

@Paul Welden you would recommend a 203k loan or should I get a duplex that's move in ready but then I wouldn't be able to use the BRRRR method I assume. I talked to a real estate agent and she told me in her market, the duplex are new constructions or really old and ran down.

Hello everyone! My name is Tatyana and I am interested in moving from California and into Texas to start house hacking a duplex and use the BRRRR method. My question is, in the Houston area there are some multi units that's new construction or that very old. I do not mind doing work but my concern is how to go about FHA 203k loan. Or am I supposed to have the fix up money already saved? I am trying to figure out how to approach this without running out of money. If you have any advice that would be great!