All Forum Posts by: Tayvon Jackson

hello bigger pockets. I picked up an income property and my mortgage and expenses come up to 1200 dollars a month. I'm renting it for 1500. I got a 30 year mortgage and owe about 160k. Do most people take the profits and and make additional principal payments or save it up for the next property. 

hello all, I was out door knocking today and I came across a vacant home with weeds up to my height. And I'm 6'8. I talked to the neighbors and they told me it's been on the market for years because the owner died, and it was just off the market because the bank took it back. I think this is a great flip, but how do I acquire it if on zillow it says it's off the market and the bank now owns it?

has anyone attempted to pick up rental properties by just assuming a motivated sellers loan. I have a lady who is falling behind on her mortgage and just wants to walk away from the property. I know I could easily pick up the property and find a renter for it to start receiving cash flow. Any help?

Are there any bigger pockets investors in Southern MD? Im looking for a mentor, and I have no problem washing ur cars, buying you Panera, and babysitting the kids lol :).

hello I close on a town house using FHA on may 15. I've just realized that I bought a flip and I think I'm over paying. It sounded like a good idea at first but since joining bigger pockets I know I'm paying way too much. I've done the appraisals which came back accurate and the inspection and wondering if there is anyway out. I found a great flip yesterday but I know I prob can't get them both under contract. Any way out of this

I just don't have the 25 to 30% needed for investment properties so I'm trying to think of creative strategies to pick up 2 properties a year for buy And hold purposes.

I am interested in the buy and hold strategy. Does anyone use the strategy of getting an FHA loan living in it for a year and then moving out and doing it over and over again. Is it a limit on how many times you can use an FHA without them figuring out what you are doing. Is there any strategy that you can use to pick up 2 properties a year as buy and holds since FHA only limits you to 1 a year?

That's the exact thing that I wanted to do. Buy a property each year and then move on to the next one. I may go the heloc route because my single family was a short sale and it was once at 450k before the crash so I see the potential. Thank u 

hello all,

I bought a single family home last February for 240k that's my primary residence. I did some work on it and made it more appealing, and the comps say I could sell it for about 330-350. Would it make sense to sell my property, get the profit, and use FHA to buy another house for 3.5% down. Then I would have almost 60k to use for other properties.

Thanks everybody I will live in my new home then rent out rooms in my old home. I've had good roommates so I will prob keep them in there as opposed to renting out my whole home to a single family. I'm just struggling with how to go from house 2 to 3 without the 25 to 30% down for an investment property