All Forum Posts by: Zane Bradshaw

@Josh Mitchell 1-2 years, or 1-2 months?? If it's years then how on earth must I get that right? I ain't waiting 2 years to buy my first property.

I am so desperate to just get my first property.. The thing stopping me is the fact that I'm 18 years old, and I have no current income.. What can I do to get an income? How much would I need to make per month to be funded by say now a HML? Also, how many months do I need to have proof of income?

Another challenge I face is because of my age, I have no collateral.what can I do to get myself collateral against something like a $100K loan? 

Thanks

Ok thanks @Josh Mitchell. What kind of job can I do though? Does it matter what the job is? Just as long as I have proof? I have no qualifications, so the only job I can really get is like a waitering job. Does making money online also count?

I was wondering.. Is it possible to do a 'house hack' with no income starting out? I am still in school, and have no current income, would it be possible to get the necessary loan to fund a house hacking project for me to live in? If so, what loan type would be most suitable? Thanks

@Dhar Rawal You've said enough. Just let it go. Trust me, you have won this argument haha. You're a boss man! 

@Frank S. Don't come to a gun fight with a knife ;) You are clearly very jealous of @Dhar Rawal's successes.. 

@Valerie Hiscoe

Have you used HMLs before? What is the general interest rate charged on an HML? I have been offered 7% for an$100k loan from an international lender, and am not sure if I should taken the risk..

@Valerie Hiscoe Thanks for that! I am getting fimiliarised with the local pricings.. What do you mean by 'what you can afford to do'? If I am using HML, can i not afford most things? Thanks

@Marcel Pean My bad,  yes it is the other way around. And I am also interest to know those percentages. With regards to what @Russell Brazil said, what are the average ARV of those homes? You telling us the profits, but what would the % profits be?

@Steve Bracero Thanks a lot for that reference! I will definitely get the Ebola version and read every detail. Thanks a bunch.

PS. I checked out the book, and apparently it was presented by BiggerPockets.. How ironic

Hi, I wanted to know how you guys generally calculate the estimated repairs of a house that you are looking at, or if you browsing on classifieds and stumble across a house that has potential, how do you calculate the repairs? 

Is there like a rough calculation people use, like a certain percentage on the cost of the property? Or maybe a percentage of the average property prices in that area? 

Thanks in advance!