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All Forum Posts by: Tyler Winchell

Tyler Winchell has started 19 posts and replied 39 times.

Originally posted by @Aigo Pyles:

@Tyler Winchell are you going to rehab a property or be a fixer upper?

 rehab so I can rent

so if i wanted to purchase a home to fix up. how much would i need as a down payment? and how would i fund the repairs?

hey guys whats everyone's experience  on trailer parks? How hard is it to get someone to manage it? Looking at florida area. Also where can I find a mentor for trailer parks or just real estate

hey guys  so if I wanted to get into real-estate is it a bad idea to start off with a apartment complex maybe a turn key or a fixer upper. What's the best route? If I was to use prop management  also? I understand the costs to fix if needed and have enough. Is this a good idea or bad?

hey guys so whats the best way to start? single family? duplex? what about trailer parks and marina's?

Originally posted by @Michael Ohara:

@Tyler Winchell

Main issue was inexperience and biting off more than I could chew. Plus, I was out of state. Slow is fast.

 gotcha, thanks for the response, now let me ask, how did you overcome this?

Originally posted by @Michael Ohara:

@Tyler Winchell

I started with a 17 unit complex and it was very difficult as a beginner. Recommend cutting your teeth on a single family, then go from there. All the best

oh wow, ok may i ask you what problems you had?

hey guys so if yall had 500k right, and you wanted to get into realestate what route would you go? obv a mortgage but would you get a complex/triplex/duplex or single family to start?

Originally posted by @Larkin Adey:

@Tyler Winchell

Most likely the answer would be No.

With limited experience (I'm assuming based on your post) a lender will require you to personally guarantee the loan. This means you must have a qualifying income and great credit.

 Damn ok so how exactly would  I get started? Maybe start with duplex's as a side gig

Question so if I just move somewhere and want to buy a complex for let's say 10 units and listed at 500k. 13k a year I'n expenses and 70k in profit before mortgage. And its 90% occupied would the bank approve since it has a good ammount of cash flow but that would be ur  only job?