All Forum Posts by: Trevor Muska

@Liz Cole I could qaulify for FHA. I'm just nervous about the owner occupancy requirment. I think I will get qualified for an FHA and keep it in my back pocket just in case other financing falls through.

@Liz Cole thank you. I simply was just drawing a comparison to wholesaling. I do not plan to wholesale and probably never will. All I want to do is buy a duplex or triplex and owner occupy 1 unit short term to get my feet wet in the industry. I'm not sure why everyone went off on Gurus. I am an engineer fresh out of college but I have a stable job and cashflow. I have people around me who also may want to invest depending on the deal. All I wanted was to clarify the process in how deals come together when the owner was in the middle of private lenders and sellers.

I feel comfortable analyzing a deal but what about a market in general. Im thinking from a neighborhood/city level. What methods do you use when deciding to enter a new market? Best books and resources to learn from? 

Rent and hold

I know its a long way out but when the High Speed Rail is finished it seems inevitable that some people will forgo the expensive LA and SF rents and move to cities like Fresno or Bakersfield (they already are). 

There is also a new highway being built in Bakersfield that connects the whole west side to the 99 which goes straight to LA. 

Good investment? Too far out (10-20 years)?

This is exactly why i asked the question. I wanted to make sure there wasnt some rule that locked me into the agent that sent me a house in a list of 30 other houses. 

Several of you have responded saying I should feel shady as if this is something i do or planned to do. I asked the question because it seems like a lot of people are doing this and it doesn't seem right to me. I wanted clarification on if this is a common practice in real estate or not. 

I realize the phrasing may be misconstrued haha.  

Thank you guys. I should be clear by saying I have not made any offers yet. I just listen to all these Podcasts and books that stress "getting them under contract." Its kind of misleading advice if you ask me.

Thanks I think that's great advice.

Im worried about the FHA loan because of the owner occupancy requirement. I dont know if i can commit to living there for a year.

I think you guys helped me clear this up a bit. I think I need to reverse my thinking. Instead of getting a deal pending finance I need to focus on getting the financing pending the deal. 

Is that correct?