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29 January 2025 | 4 replies
My focus leans more toward equity appreciation than cash flow, and as a rookie investor, I’m aiming to put aside about $25-30k for investments each year.In the meantime, I’m looking to connect with like-minded folks here for mentorship, partnerships, apprenticeships, and even collaborations.Would love to hear your thoughts, advice, or anything you think might help as I continue piecing everything together!
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27 January 2025 | 25 replies
Happy to connect and answer any questions you may have.
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5 February 2025 | 14 replies
Connect with a lender/agent locally to get a feel for the area/what you can qualify.
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19 February 2025 | 3 replies
I would recommend sitting down with an attorney so they can outline what the process will be like and their rent for closing the selling and what documents they'll need from you (if any because they can draft them).if you decide to sell to a residential buyer, make sure you're confirming that they are able to finance it or that they have cash to purchase it.
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14 February 2025 | 1 reply
I’m set to close on a property in early August and am trying to make sure I’ve got all the correct paperwork/wording to make it all legit.
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12 February 2025 | 7 replies
If you need a new job once you move, you will need an offer letter prior to closing on your new home (and you will need 6 months reserves in order to be able to use the offer letter as income).
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28 January 2025 | 22 replies
Is there anyone in my area i can get connected with?
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29 January 2025 | 16 replies
Definitely open to connecting
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10 February 2025 | 12 replies
You could structure the deal with seller financing to bridge the gap.Possible offer structure:-Purchase Price: $170K - closer to actual value-Down Payment: Low or zero down to conserve cash-Interest Rate: 3%-5% - or better yet, 0% if the seller will agree-Monthly Payments: Interest-only or deferred until the sale-Balloon Payment: Full payoff in two years when you sellIf he wants $200K, you can still make an offer of:-$170K purchase price + $30K as a second lien due at closing-Seller carries $170K at a low interest rateHe would feel closer to his number, but you still keep within reasonable investment limits.2.
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5 February 2025 | 15 replies
I am ready to start investing in real estate but know no one personally already doing it.Thanks a bunchExcited to start learning and connecting with Bigger Pockets community!