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All Forum Posts by: Zierry Eme Carl T. Tagbas

Zierry Eme Carl T. Tagbas has started 11 posts and replied 128 times.

Post: How to Start off in Real Estate with $20k

Zierry Eme Carl T. TagbasPosted
  • Realtor
  • Spokane, WA
  • Posts 138
  • Votes 87
Quote from @Jesus Ramos:

Hi I am a 22 year old and I currently run a fairly successful clothing brand and I do that full-time. I want to expand my business portfolio by breaking into the real estate business. I just don't know how to start off with $20k. I know that I want to buy property in Phoenix or Tucson. The population here is growing since a lot of Californians are moving out of California to AZ, TX, and other more affordable states. Plus Tucson has a very popular University. Please if anyone has any advice on how to start off with $20k I would very much appreciate it. Currently im thinking of just taking out a mortgage and buying like a duplex or a house and just renting it out? Is that a good way to start off or would you start off differently?

Hello Jesus,
Congratulations on your business! That is so awesome that you want to invest in real estate. I see that you own a business and not sure if you are well aware. If you are a 1099 or self employed, and you are trying to get financing (loan) you will need 2 years of tax return report. With 20k available, I would use that for downpayment and closing cost. Have you thought about house hacking and using an FHA (if you have limited funds). If you are not able to find a property that makes sense to you, would you be open minded to OOS investing?

Good luck out here and wishing you all the best. Please feel free to connect with me if you have any questions 

Post: Newbie finding the right area BRRRR

Zierry Eme Carl T. TagbasPosted
  • Realtor
  • Spokane, WA
  • Posts 138
  • Votes 87

Hi @Aaron W Cary

I hope you are doing well! Have you research about Washington? There are few places that you may be able to find a deal. If I were you, I'd see if there's any wholesalers that can give you deals too.

Good luck out there and wishing you all the best! Please feel free to connect with me if you have any questions

Post: College Graduate Starting in Washington D.C. Real Estate

Zierry Eme Carl T. TagbasPosted
  • Realtor
  • Spokane, WA
  • Posts 138
  • Votes 87

Welcome to BP , Callaway! As everyone suggest here, house hacking might be the best option for you. I am not sure why the lender is talking nasty about the FHA. If FHA is able to get you started with real estate investing, I would go for it. I would recommend connecting with an investor friendly realtor that knows the area as well. Make sure that the numbers makes sense to you and your situation.

Goodluck out there and congratulations on finishing college! Please feel free to connect with me if you have any questions

Quote from @Mason Haley:

Hello, I have been building my real estate knowledge and networking for the past year. I am graduating college and will have a high income job as a dentist with a strong debt to income ratio. However, my funds are quite low at the moment and I cannot afford a conventional mortgage for investment.  I really want to get started in real estate and want to scale quickly by finding a small multifamily and a short term in the near future. Are there any suggestions for creative financing to allow me to get started earlier? 

I have heard of vacation home as a way to get into the short term rental space? Recommendations, how does this work? 

Small Multifamily options? I have heard of seller financing which sounds wonderful but what if the seller is not open to that and it is a great deal? Debt vs. Equity partnerships?

Any Tips or suggestions are appreciated. Thank you! 


Hello Mason! Congratulations in advance! You mentioned that you have limited funds, have you thought about taking advantage of FHA loan? Then you can do house hacking!

Wishing you all the best! Please feel free to message me if you have any questions!

Post: Pay off debt or invest in real estate?

Zierry Eme Carl T. TagbasPosted
  • Realtor
  • Spokane, WA
  • Posts 138
  • Votes 87
Quote from @Benjamin Sulka:

I'm currently a junior in college, looking to invest in multi-family real estate when I graduate. As most students will, I am going to have a decent amount of student loan debt when I graduate. (Probably upwards of 30k)

What advice do you have for paying off debt vs. investing in real estate? I will have a full-time job when I graduate and I am wondering if paying off the debt is most important. 

Thanks so much to anyone who responds. 

All the best, 

Ben



 Hello Ben! I was on the boat with you. I have decided to invest in real estate - house hack a duplex then I am slowly paying off my stuent loan debt. 

Wishing you all the best!

Post: Starting Out College Student

Zierry Eme Carl T. TagbasPosted
  • Realtor
  • Spokane, WA
  • Posts 138
  • Votes 87
Quote from @Jason R. Besanceney:

Good afternoon, I'm reaching out today trying to get some advice on where I should begin my real estate journey, I've been listening to the podcast for a while now and want to get some skin in the game but am unsure how to start. Any recommendations of what I should do or how I should begin my journey? Would love to hear so thoughts on this. Also is there anyone in the area that I could connect with, I would love to learn from someone nearby or someone that knows the market I'm in. Thanks for the feedback and am looking forward to reading through the responses.

Hello Jason! It is so awesome that you are thinking of investing with real estate! Seems like you got some plans already! You should totally connect with other investors in the area (facebook have tons of it), talk to a lender and see what they can help you with financing. I am not a lender but see if you have a family or trustworthy friends that could partner with you to getting a property. Since you are a college student, it is awesome to have a property close to your campus and split the mortgage with someone or your partners. 

Once you feel like you are ready, connect with a local investor friendly realtor in CA! Good luck out there and please feel free to connect with me if you have any questions!

Post: Starting Out College Student

Zierry Eme Carl T. TagbasPosted
  • Realtor
  • Spokane, WA
  • Posts 138
  • Votes 87
Quote from @Jason R. Besanceney:

Good afternoon, I'm reaching out today trying to get some advice on where I should begin my real estate journey, I've been listening to the podcast for a while now and want to get some skin in the game but am unsure how to start. Any recommendations of what I should do or how I should begin my journey? Would love to hear so thoughts on this. Also is there anyone in the area that I could connect with, I would love to learn from someone nearby or someone that knows the market I'm in. Thanks for the feedback and am looking forward to reading through the responses.

Hello Jason! It is so awesome that you are thinking of investing with real estate! Seems like you got some plans already! You should totally connect with other investors in the area (facebook have tons of it), talk to a lender and see what they can help you with financing. I am not a lender but see if you have a family or trustworthy friends that could partner with you to getting a property. Since you are a college student, it is awesome to have a property close to your campus and split the mortgage with someone or your partners. 

Once you feel like you are ready, connect with a local investor friendly realtor in CA! Good luck out there and please feel free to connect with me if you have any questions!

Post: beginner in investing

Zierry Eme Carl T. TagbasPosted
  • Realtor
  • Spokane, WA
  • Posts 138
  • Votes 87
Quote from @Emmanuel Cano:

hello everyone, I've been with my pro membership for about a month now, I've done nothing but analyze about 50 houses, I don't know what to do now, I don't have good credit or money to pull from to invest, I'm thinking of renting my house to maybe go and rent something cheaper and with that rent to be able to do something, I tried to download the rental applications from biggerpockets but it tells me that it is only for pro members and I am a pro member, I think I am about to give up, I just I sit on my computer and watch the good deals go by, if anyone has an idea of ​​what I can do, I'll be grateful, thanks.

Hello Emmanuel! Do not give up and definitely have patience! There are still many ways that you can invest with real estate. A few examples would be doing some wholesaling for investors, it may be able to help you gain some capitals and in the meanwhile you can build your credit. Or partner with someone that has a great credit, network around your area (facebook has a ton of it), be the expert of your neighborhood/area.

You got this! Please feel free to connect with me if you have any questions!

Quote from @Kim Hawley:

I am looking to move out of Seattle WA and do REI full time. If you could move to any market to invest, flip and BRRR, where would you go and why?

Would love to hear from you as I look at markets!

Kim


 Hello Kim! Spokane is definitely booming right now! Please feel free to connect with me if you have any more questions! I am an investor and a local realtor here in Spokane!

Post: House Hack (Mcallen, TX)

Zierry Eme Carl T. TagbasPosted
  • Realtor
  • Spokane, WA
  • Posts 138
  • Votes 87
Quote from @Martin Leija:

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $390,000
Cash invested: $14,000

We started our Real Estate Investment journey with a house hack. It's a 4-plex that was built in 2017 in McAllen, Texas. Best decision we could have done. Got us hooked on the REI train!


 This is awesome Martin! Congratulations and wishing you all the best! To more rental properties in the future! Cheers