All Forum Posts by: Account Closed

Hi @Roger Lin. I'm interested in attending these REI meetups. Can I please get an invite for the next meet up?

Thank you,

Zakiya

Welcome Charles Sistrunk ! I'm still learning about real estate and I'm also in the DC area, but in MD (about 15 min from Alexandria) . I'm under the belief that being in this area gives us a real advantage to investing here! How is it investing in NOVA? I'm thinking about investing there as well as in MD, but I know this area of VA can be more expensive and VA seems to be a little more strict than here in MD...

Anyone have experience with this? I'm still new to REI and I'm curious about this niche. There isn't any USDA property in my immediate area, but I live at least an hour away from the closest USDA properties. This just seems like an interesting niche, but I haven't heard many ppl talk about it. Thanks!

Im still learning...what are the pros/cons in investing in these homes? THANKS!

Hello! I'm still a newbie and I'm starting REI by paying off my consumer debt. It's not a huge amount of debt, but I'm on a plan to have it all paid off in June. I'm trying to put myself in a better position when applying for an FHA loan to start investing. I plan to keep renting as I build my portfolio and then purchase my own SFH for myself. Now, it's my understanding that there's only so many conventional loans a bank will give you and that's how I planned on purchasing my own home down the line. Am I wasting time paying off my consumer debt for an FHA loan for an investment? Should I just head to a private lender? Say I go to a private lenders for all my investments, how will having investment properties effect my ability to get a FHA loan? Just some things I'm wondering. Maybe investing will put me in a position to pay cash for my own home! :)

Welcome, neighbor! Did u wholesale in this area? That's where I plan to start

Originally posted by @Harriet Baldwin:

 I like your thinking, @Account Closed .  However, real estate is an excluded category for Small Business Lending last I knew. Not sure how property management would fall.

Separately, there may be some local development money available for real estate (more often renovation than acquisition, but every bit helps!).

If there is an economic development office where you (want to) invest, they could give you more details!

Thank you! I may just find something in my state! 

I'm still doing research on this, but does anyone know if real estate investors qualify for small business grants? I mean, it IS a business...

To a seasoned flipper, does anything in this listing stand out to make you shy away or spark interest in this listing? "GREAT OPPORTUNITY FOR THE HOMEOWNER OR THE SAAVY INVESTOR ALIKE . THIS UNIT COULD BE A CASH COW. NEEDS WORK BUT WELL WORTH IT. SOLD AS IS AND THE SELLER NOT MAKE ANY REPAIRS. THIS WILL NOT LAST LONG. CHECK THE COMPS. BUYER IS RESPONSIBLE FOR VERIFYING ZONING AND ANY COSTS INVOLVED WITH SAID INFORMATION. EACH UNIT IS SELF CONTAINED. FENCED BACK YARD. ADD THIS ONE TO YOUR PORTFOLIO TODAY" Of course, sellers list these properties as having all the potential in the world, but I'm not sure how to see through the fluff. I found this property in Baltimore City, MD for $50k. Other houses in the neighborhood list for as high as $449k. Plenty of pictures that show significant amount repairs will be needed, but @ $50k, I'd think I can hire contractors to take care of the repairs (???). Anyway, just want to know if there are any keywords I should look out for in listings like this.