Jacqueline Gomez
Real Estate Investing in Orange County for beginners
22 October 2020 | 2 replies
I have about 25k saved and it was very hard for me to not buy a new car due to my young age but I would love to get started in Real Estate.
Matthew Metros
How to find comps when there are barely any?
18 November 2020 | 8 replies
Well, you can do it one of two ways, say you think your place is worth $500K:1) Usual way is to pull similar age, size, location properties and adjust or2) Pul what you can buy for $500K and see if you can match it.
Konner Karr
Real estate investing. I am 19 year old with $20,000.
16 November 2020 | 7 replies
@Konner Karr I work with multiple lenders that will loan money towards your investment dwal not bases on your age or income, based on credit and assett(the property) If it's a good deal its a good deal.
Cornelius Charles
Diary of a New (wannabe) Investor in Southern California
1 July 2016 | 119 replies
Lessons Learned:We haven’t written a single offer in ages.
Benjamin Allen
I Closed on my First Deal in March, and now on my second deal in July!!!! How do I keep going?
7 June 2015 | 4 replies
well, ben, congrats on starting so young. i am over 50 now and i wish i would have started at your age. that being said, there is a lot to be said about experience also. keeping you DTI ratio down while financing real estate is going to be hard. after all, as your debt goes up, you need to increase your income an equal amount. obviously, you will have to take on some real estate on a contract basis, i. e., no bank loans. that way, you can claim the income without public knowledge of the debt. or you would need to find properties that increase your income without a huge increase in the debt amount. thats hard to do. crunch the numbers on every deal. if it does not fit your financial need, don't buy it. its pretty much that simple.
Darius Moody
2 Birds 1 Stone??
22 June 2015 | 2 replies
The bank does their formal approval (appraisal, full verification, loan docs, etc).4.
Shane Nelson
Does anyone in Minnesota know of any owner or creative financed properties?
3 August 2015 | 1 reply
And am currently unable to get bank financing due to my age of 18 and having such a short credit history.
Eric Hulstrand
New to BP, at least in diving in
27 October 2015 | 17 replies
Finally, I just inherited some farm land and am trying to figure out how that fits into my overall portfolio.Married, 2 college-age daughters, one pitbull/lab dog with a broken rear ACL.
Osniel Leon
My offer was accepted. Need help with the analysis.
17 March 2017 | 11 replies
You would have a better idea of that depending on how new the home is but eventually you will have a major repair due to aging or a tenant destroying your floors.Assuming about 10% between maintenance and CAPEX, 8% for vacancies, and adding the 10K for renovations and closing costs you would come in at a 4.7% CoC return.
Faith E.