All Forum Posts by: Folashadé Shelton

May someone please explain to me the methodology of, I suppose, how to protect ones-self when placing a down payment on a property and the property value happens to drop 20% for an example. Should one place 20% down or do an FHA loan? Hopefully I've explained the question adequately.

Thanks!

Please count me in!!! I might bring a guest as well =)

Hi, may someone please PM me the Bird Dog Agreement as well. I'd greatly appreciate it.

Hey Thom, welcome aboard!!!

Kudos to you for jumping into this particular situation that you've never experienced before dealing with, the infamous inherent tenants... You navigated the waters quite well and now doing better than the property did with its previous owners... Job well done!

Hey @Brittany Rose that would be quite helpful, thanks! I'll connect with you.

Hi there @Ellis Agurs I appreciate your insight. What I derived from you and the rest of the comments mentioned is pretty much to eat this big elephant one bite at a time and not to get way over my head on my first property. Thanks for extending out your friend for more advice on the matter, that would be great!

@Kedrick Thornton that's awesome! What part(s) of DC has caught your interest?

I've always been skeptical about Craigslist, but I have since downloaded it to my phone and boy have they changed things up a bit - doesn't seem as sketchy as it once did. Thanks for your suggestion as well.

Hey @Ozzy Sirimsi, yes like @Ned Carey, what you both are saying is truly rational. I think HUD was be a good option to look into. Thanks for your suggestion!

Thank you so much @Ned Carey, you make plenty of sense. I wouldn't mind some rehab but the scale of rehab on my first property you've helped me come to the realization that I wouldn't want to take on too much.