All Forum Posts by: Valeria R.

Hello, my name is Val.

I am  a homeowner of 5 yrs. I am looking into buying a rental property now.
Just starting out. any tips or suggestions? loans, things I should look for, programs that can help?

Thanks!

Hello, 

My husband just bought a home to rent out  that needs lots of remodeling done.. He thought he would be able to get a "home remodeling" loan but it turns out one cant get one until home has some equity.

what are types of loans to be able to fix the house up ASAP?

thanks1

@Michael W. very informative. thank you. I have to look into portfolio loans and learn about them too. I asked the Realtor this weekend about them and she's never heard of them 

@Huy Nguyen :) Thanks for the info! I do save up i think I have a good amount of money saved up but if I would give it all on a 20% down payment that would be it and have no more, i would rather keep some and use it for something else it would be better. I don't intend to buy a expensive house to start off. I think i will be better off starting small and something low maintenance to get some experience.

@Andres Jaramillo yes, I was told this weekend by a realtor that was the way to go. Credit unions don't offer as many mortgage loans as they use to after the hurricane in Galveston area.

@Nilesh Makhija thanks for the information andmotivation!  :)

@Elizabeth C. cant wait to read it :)

welcome! I am new to this website myself. Seems very interesting and full of good information.

@Account Closed Thank You.. I was thinking to start off with my credit union. They seem to have lower interest rates and a bit lenient.  Even if I buy a house less than 100K, i couldn't come up with 20% down payment right away, especially for more than one house.. any advice there?

appreciate it guys.

I want to investing in real estate by buying a house or two to rent out.

Since i have the FHA loan on my first home.. what other types of loans are out there besides investment property or second home? I just need help understanding how people get to purchase several houses at once when they are first starting out in the business.

thank you!

@Paul Timmins Thank you for your info. I'll go ahead and read those books.

Hello everyone!

My name is Val,

Just opened up my BP profile.  I am looking for away to make a bit extra cash and accumulate assets.  Real Estate sounds like an interesting, fun, challenging way on doing it.  I've been trying to read up on everything that I can before I get started.

I love watching all those HGTV shows on people buying, fixing, flipping and negotiating on homes.. The idea that that could be me excites and motivates me. 

About a year and a half ago and I bought my first home and learned some new things from the experience. However, that is all the experience I have... So any tips, ideas, suggestions are appreciate it.  Thank You!