All Forum Posts by: Zachary Gwin

We are glad you find us too! Congratulations on your first successful investment. Keep us updated with your future successes :)

@Ron C.

 Welcome to BiggerPockets!

You've already got the first step down, introducing yourself. I would recommend uploading a profile picture of yourself, filling out all the info (or at least as much as possible) on your homepage, and start reading/listening and asking as many questions as possible. 

For starters, check these out: 

Multi-Family Myths: 5 Reasons People Think Multi-Family Investing is Easy (& Lucrative)

Buy & Hold Real Estate is the Ultimate Investment: Here's Why

The 6 Dumbest Mistakes You Can Make As a Buy & Hold Investor

Good luck with the journey and let me know if you have any questions or need some help through the site

 Hey Brandon, 

No user can add sub forums, you'll have to post under the state or most relevant sub-forum listed. Just add your market in the title and hopefully it will catch the right people :)

@Antwon Austin

Sign me up! Where will the meeting/site be held?

@Anson Young

Thanks for the great reply. I just moved here 2 months ago and think I'm ready to start hitting up some local REIClubs! 

I have one last question for you. Now it wouldn't be the ideal "house hack" but could I get an FHA (3.5% down) take the vacancy expense for 2-3 months (3-5k) until I get the place fixed and liveable and live for the remainder of the year till the FHA is up? Which in that case would it be more beneficial to just hold on to it?

@Jacobo B.

A partner seems like the best way to go. Thanks!

@Travis Sperr

Thanks Travis, I'll definitely look into finding a partner. 

Also let it be known, I am aware that I have much to learn and will never dive into a project or an investment without truly understanding all the loops and hoops (well most of them). Just another step in the ever learning process :) 

Thanks guys!

Hey guys,

I need help and I wouldn't trust anyone but me fellow Pocketeers to advise me.

I'm 21 and my credit score is laughable and rather embarrassing ( go ahead and laugh at my pain, it's ok ).

Mentally I feel ready to begin investing. I know there's still an immense amount to learn. But I feel the best way to learn is by getting my feet wet. Have to start somewhere, right?

My goal is to start flipping... I'm handy ( more than the average hammer & nail beginner ), I learn fast, and I enjoy the hell out of it. I can't see myself doing much of anything else besides this.

However, my credit is so poor my loan rates will either be tremendously high ( how much will this hurt me if i'm not buy & holding but aiming for a 90 day flip? ) OR I won't even be able to receive a mortgage loan.

There are multiple properties I have located ranging from 275k -550k in the Denver market which we all know is crazy right now. I have my sights and heart on the 4b2b for 550k (I can probably get it for a less due to it's condition and needed reno ), the house is in poor shape, the resident is a stage 10 CODE RED hoarder, but in the perfect neighborhood. Comps across the street are between 630k-725k. The potential is absolutely there. 80-100k profit depending on the rehab budget.

All that is nice and fun but meaningless without the ability to get a loan or backing.

What should I do? Hold out for another property until my credit score rises or find other means?

How much will the rates effect me on a 90 day flip?

Does credit only play a role in time? 

Please, point out each and every flaw or hole. Only way for me to learn and grow. 

Although New Brunswick is not a state... We do have it available under the Canadian forum :)