All Forum Posts by: Thuy Twee Nguyen

Hi @Michinori Kaneko, have you heard of Capital One Spark? They give 2% on all purchases.  I use it for my landscaping business but I opened one up as a sole proprietor for my real estate investment business.  I really like the app and customer service.  Hope that helps.

Thuy

@Carlos Ptriawan I purchased in 35757.

Hi @Harsha G..

I did not do a rehab as I wanted to purchase my property similar to turnkey as much as possible. I went with a local realtor after my tour with a turnkey provider did not pan out as well as expected considering they have rave reviews. But you can contact Jason Grey at ProData Real Estate. He knows the area well and knows contractors that you can get in touch with. As far as reasonable rental expectation, getting comps from the MLS from the realtor would be the most accurate. That's how I priced my rental after I purchased mine in Madison AL.

Pointers: I STRONGLY recommend to go to the city and take a look for yourself.  All the data online and pictures can only tell you so much.  After I came back from visiting there, I had more confidence of the homes I wanted to put an offer in because I was at least familiar with the areas.  Make sure the agent you are working with takes the time to know you as in investor and your goals.  Jason took the time to show me all around Huntsville to see my reaction to certain types of properties and to see what my expectations were so he just did not put me on a list and expect me to sift through it knowing that it would waste me time. 

Good luck! Huntsville is exploding in growth. 

@Brint DeVilling

Hi Brint, I used Jason Grey at ProData Real Estate.  I called him after recommendation from another BP member told me about him.  Closed on my first rental property 12/31/19 and he is amazing.  He's very honest and went above and beyond.

@Scott Rye

Hi Scott, I currently have a HELOC on my primary with Bellco and I am currently in progress of getting a larger amount but the informed me that they are currently running a 3.99% fixed rate for the HELOC if you decide to pull out a lump sum. If you do not know already, maybe that is applicable to an investment property too. Gotta love the appreciation these past few years in CO! Good luck.

@Brandon Penn

Congratulations on the journey! What an accomplishment!  Was multifamily your ultimate goal when you first started?

@Manmath D. @Lance Riggen I also was reading MMM and listening to BP guests on how they live off 50% of their income or less and that has encouraged me so much.  I have always been somewhat of a saver but now with real estate goals in mind, it has turned it into overdrive.

@Mikhail L.

Welcome to BP.  If only I had your foresight and drive at that age! Best thing to as everyone mentioned is go get the finances in order.  It would suck to find a great deal and get your hopes up to find that you can't go through with it because of of finances.  

How much longer are you stationed in Biloxi? 

Thank you for your service!  Good luck. 

@Dustin G.

Welcome! Have you started researching markets you are planning to invest? I've read from a few blogs that Tampa, Orlando or Jacksonville would be great places to start if you were wanting to stay in state.

Good Luck!

@Taylor E.

Welcome.  Newbie here also! But I am an OOS investor.  What area of IN are you from? 

@Thayer Hood

They could pull equity from their home and do a HELOC. That is how I am planning to finance my rental properties (when I start purchasing them). Also, if they receive balance transfer checks in which they pay 0% APR and pay the 3%-5% transfer fee then that is also a possibility.