All Forum Posts by: Zierry Eme Carl T. Tagbas

I'm a newbie and chose to put skin in the game. 

My name is Greg and I just joined the pro level because I'm ready to dive in.

Looking to get in a deal in the next 60 days.

Currently live on the north side in Irving Park.

Would love to find something around here and I am open to other areas of Chicago with my budget and getting creative with my financing. 

I'm here to learn and to take action!

Greg

Hello Everyone,

I apologize up front for a long post and want to say thank you in advance for any information and guidance.

My family and I have recently relocated to the Portland, OR area within the last year. I am interested in getting my foot in the door in the real estate world.

Our long term goal as a family to invest in real estate as a primary source of income. With that being said, I have no previous experience in real estate and currently have a W-2 job in an unrelated field. With a wife and 2 young kids, I am interested in switching lanes and venturing into a career with not just more earning potential, but one that will allow me to learn what it takes to retire on our terms.

I have extensive experience in many customer service oriented jobs as well as experience in sales.

Aside from the obvious, reading as many books and listening to as many podcasts as I can, what can I do to make myself more attractive to someone as an employee so that I can Earn While I Learn?

What type of positions would be the most beneficial to growth as an investor? Property management? Lending? Working for a Real Estate Broker?

I see job postings on Indeed for companies looking for aspiring real estate agents but I am curious, what do these positions usually entail? Is this a reasonable path? I also see that most of them "prefer" for the applicant to already have a real estate license. I am willing to pay to get the license and take requisite classes, but is this necessary right away?

Any thoughts on what an entry-level position would look like and recommendations as far as real estate classes would be greatly appreciated.

Thank You,

Larry

Hello everyone! It's finally here the moment where I actually have enough to buy a nice home and be able to house hack...potentially! 

I'm struggling to decide what a good option for me is, and would like someone's opinion. I have been pre-approved, and I believe I have a pretty good budget to work with. The issue I'm facing is that house prices in the areas that I have been looking for are right at the edge of the total loan amount I qualify for. Would it be a good idea to go utilize almost all of the amount I qualify for? 

Truthfully, If it was just me living in the house I would be able to "survive" paying it off my myself, but I think I would really be gambling it lol, but once I get roommates it should be fine. FYI, I don't really have any other expense or debt besides my car. Any input would be appreciated please and thank you!!

Hi. 

I'm new to real estate investing and trying to learn how to get my feet wet and get into this field.

I feel like from everything I read, I am not quite in the position to be as flexible with securing my first investment property (ie, married with some children, not wanting/interested in moving, etc).

Would like to hear how people did come up with the savings/money down to use to purchase your first investment property. 

Hello all! I'm currently looking to house-hack in Columbus, OH and was wondering if anyone has had experience doing a value add while using an FHA loan. I know there is a 203k addition to this loan, but I've heard it is difficult to obtain. I really wanted to get a duplex and add some equity to it through a small rehab but it seems very complicated. If I can't get it done, I will most likely be going with a turn-key property as my first. Thanks for any and all input!

Hello all!

Apologies if this is not the right place to post this, but I am looking for an investor friendly agent in the Richmond, VA area who would be willing to work with a newbie investor. Does anyone have any recommendations? Or does anyone have any advice on where to find one? I took a look at the agent directory on BP for the area and only saw 3 agents listed, and 2 of them didn't have any information about themselves.

Any and all feedback is appreciated! 

Hey everyone I have finally been pre-approved to purchase a primary residence which I will be house hacking. I just recently have been looking at a handful or potential properties with my agent, but was also thinking about looking at off-market deals. I figured that if I can purchase a discounted off-market deal with hard money, increase its value, then refinance it through conventional financing with lets say 85% LTV (enough to pay back the HML), I can have instant equity that I can tap into later.What do you guys think?

If I do take this route, what ways can I market to find off-market? I was thinking connecting with wholesalers and cold calling. I also have $30,000 saved up, so I can potentially even do something creative like seller financing.

Any and all advice is greatly appreciated, thanks!

Hello, Bigger pocket members.

I'm currently looking for my first multifamily investment property in or near LA county in California.

There is a vast amount of places to invest and wanted to start narrowing down on some hot counties/cities near LA county to start running the numbers on and do my first real estate investment.

The expected outcome of the post

• *Narrow down on potential cities that you preferer and recommend to a starter investor like myself.
• *Potential multi-family home 2 - 4 units but very open to recommendations of what has worked for you in the past.
• *Build my network of more experienced individuals.
• *Eager to also help you in some way shape or form why searching and learning for my investment property

A little background about myself. Finished reading the Bigger pockets book "The Multifamily Millionaire" with four friends and myself. We want to reach the point of financial independence and be able to build generational wealth. We believe that real estate is the door that will take us there.

Hey everyone, 

I'm trying to find out what I need to get started with my first investment property. I am intending on house hacking. I have a decent credit score & money saved for down payment & closing costs (though I intend to use some sort o DPA program). I have steady income but not from the last 2 years- only since October. Can anyone point me in the direction of which loan I should try to get prequalified for? FHA? Conventional? Could NACA be used for my first house hack?
please help lol

Kindly, Nadira 

Hello all, 

My wife and I are looking to invest in our first multifamily home. We're currently in the early stages of the process (i.e. haven't talked to a lender). We both have good credit scores but unfortunately due to our higher education, we also have debt. We've been in stable healthcare positions for >2 years now and are looking to utilize an FHA loan to purchase our first home. As of right now, we've been reading both "First-Time Home Buyers" and "Set For Life" by Scott Trench which has been incredibly helpful - to say the least. We've also been listening to a decent amount of podcasts regarding real estate and have talked to close friends that invest in the Worcester area.

That all being said, (1) my close friends that currently invest have told me that using an FHA loan to purchase a multi-family is unreasonable in this market - how true is this? Is conventional the only way? (2) We want to purchase a home where we'd be able to cover the mortgage costs (approximately $2,000-$2,300) in case we have tenant vacancies for an x amount of time. How realistic is purchasing a home in the South Shore for under $400,000 in this market? We've also considered Framingham, MA, and certain parts of Rhode Island too. Any advice or suggestions are welcomed!

Thank you!