All Forum Posts by: Trisha Hensley

Hello All - We are reaching out to some Local Banks to get pre-approved for investment property. We don't own a house of our own and are looking to purchase a property outside of our current residence of Florida. When applying for a mortgage I know to give only what they ask for. I'm assuming they will ask how this property will be used. Is there any scenario where this property can be considered a 2nd home?

Thank you all for the input. I will definitely take a look at those books and weigh the pro's and con's of local vs out of state REI.

Good afternoon - My name is Trisha and this is me taking the first step in Real Estate Investment. I read the book "Rich Dad, Poor Dad" by Robert Kiyoski and it lit a fire in me. I started following Real Estate Investors on IG, which led me to Bigger Pockets. I have been listening to the Real Estate Rookie Podcast, reading books and taking advantage of free webinars. My Husband is onboard with REI for cashflow.

I'm currently in learning mode, hopefully not turning into Paralysis Analysis mode. We were Homeowner's in the past but currently rent in Florida. The housing market is really expensive down here and multi-family homes around here are not in the greatest of areas for House Hacking, with my Tribe of Five. We are mostly looking to buy & hold locally. However, we think it will probably be much easier to find something out of State. Since we are new to this we are not sure buying out of State is smart for us. We are debt free with money for down payment if needed, but would prefer not to use our assets.

Right now I'm looking to attend meet ups in FT. Lauderdale. If you have any suggestions regarding how to go about seeking out our first deal or meet ups in the area please let me know. Thank you.