First house purchase

2 Replies

Hello, I’m in the process of starting my first deal, I was approved for a conventional loan through the bank. My goal with this house is to use this loan to buy the house rehab the property and build equity and use a cash out refinance method is there any advice I should know before I make a decision on what house to buy?

@Jamison Gallegos

Hey Jamison.  Welcome.  It's a great plan. There will be many "learning experiences" as you go though this but if you have a solid base go for it.  Just some basic tips, make sure you have a decent cash reserve and over estimate the costs. At the end, getting money back is the surprise I have always liked instead of the alternative.