All Forum Posts by: N/A N/A

Questions for those more experienced.

In the beginning stages of locating and securing property for investment purposes, confusion may arise as to what steps should be taken and in what order.

My thoughts are that you should make every attempt to get pre-qualified by a lender, prior to even locating a property for investment. By doing so, you have some idea of what price range you looking at.

When looking at pre-construction projects as investment opportunities, I’ve noted that most “Hard Money” lenders state that they want Verified Assets (6 months Principal, Interest, Taxes, & Insurance) when qualifying for 100% financing. Is this always the case?

Then we run into the problem, as is unique to the age we live in, of finding a legitimate lender on-line. While this may expedite the qualification process, how do you know in fact the person you are dealing with is truly who they say they are? We all know that giving up personal information such as social security number, bank account numbers, etc., can be quite dangerous.

I for one am curious if anyone has a Florida lender they have worked with on-line, that is easy to work with?

Last, but certainly not least, some investors claim that when looking for investment properties, you should start with properties that you can flip and not with properties that you intend to rent out.

Any thoughts or opinions on this idea?

Thanks

Just wanted to take a minute and say hello. This certainly appears to be an extensive site, with great information.

Having held a real estate license and actually worked with a real estate firm some years ago, I do have some knowledge about investing in real estate, but it’s been many years since I’ve actually participated in that field.

Let me try to be as brief as possible. Each year we travel to the Kissimmee area in Florida for vacation and each year we find ourselves renting a home in the general area. We, the wife and I, prefer this to a Hotel stay. Doing this though, costs us approximately $1,200.00 a week for the home. We have been exploring the idea of investing in our own property or properties in that area and simply renting out the time we would not be there.

From what I’ve read on this forum, there is ton of knowledge out there we could make use of in completing this endeavor.

If anyone would like to offer his or her wisdom or thoughts on this idea, we would certainly be appreciative. Also, if anyone can provide information as to lenders, real estate agents or web sites that may assist us, that as well would be great. In just beginning this process, we are grateful for any help.

Thanks