Each deal you close builds your reputation and expertise.I've found that showing progress attracts investment.

I look forward to watching your investment journey and I’m here to chat about strategy whenever you need someone to bounce ideas off of. 

Along with the FHA loan, check out the loan from the Neighborhood Assistance Corporation of America (NACA).NACA was formed in 1988 and provides an affordable option for potential first-time buyers:✅ No down payment✅ No closing costs or fees✅ No mortgage insurance✅ No consideration of credit score✅ Below market fixed interest rateThere are several requirements to be eligible, starting with attending one of their workshops.https://www.naca.comI wish you all the best.

There are those that will tell you they can do something up front, then proceed to take 45 days to close and ask for more documentation than a Fannie and Freddie loan.Then there is those that act as private money and can close in 5 days!

(Make sure there’s only 1 insurance payment and the correct number of property tax payments per year depending on your area.)You can take the projected next 12 months outflows divided by 12 and add them to the loan dox you got at closing and that’s what your payments should be after you catch up.

I mainlyplan to flip and hold rentals, but I’ll also be wholesaling whatever deals don’t workfor me or I can’t close on.

Well, once the title company/closing attorney puts together the final numbers for closing, they are being told that anything older than 7 years is forgiven.

I'm curious to know, what's the number one thing holding you back from closing your first real estate investment deal?

Looking for the following:- At least 80% LTV- Quick closing- Appraisal mix of income/residential approach- Take historical income from existing portfolio for newly finished homesThank you for any recommendations!

And to use all of the proceeds from the sale in your purchase (again 50% of the total proceeds from the sale).The contract price minus closing costs = your net sales price (reinvestment targetThe net sales price minus mortgage pay off = the proceeds you need to spend.Since the debt is paid off as part of the closing neither one of you will have enough in proceeds to simply buy your replacement with the cash proceeds.