All Forum Posts by: Abbey Humphreys

Welcome Clay! You've gone with two choice markets. Congratulations on taking the first step!

Connections are extremely important- particularly in the wholesale route. Network, network, network- laser focus on your market and take every opportunity to meet the people in your field. 

Hey Erick- DSCR loans are not as complicated as they may seem! Here is a fantastic and all-encompassing article about the ins and outs of DSCR loans: https://www.biggerpockets.com/blog/eight-questions-and-answe...

Hope that helps! 

Hey Brandon- we lend nationwide and we are DSCR loan pros. Would love to connect and chat about your REI goals!

Hey Nitin- have you looked into Oklahoma markets right over the border north of DFW? A BP podcast recently suggested this and it might be the best solution right now for cash flow

Hey Spencer - rates are definitely tough right now, but you may be able to find a better rate than 7.99, have you shopped around? Also, have you looked into the BRRRR method? This is a way a lot of investors have handled the higher rates, buy buying right and forcing appreciation through rehabs, which can then ideally create more cash flow opportunity.

Hey Murray - you are a definitely a great candidate for a DSCR Loan for your BRRRR Method refinance. DSCR loans are are super-popular because they don't look at DTI at all and you can do a cash-out refi (and thus more BRRRRs) much more quickly than if you went the convectional loan route.

Here is a really helpful article on BP on this exact subject: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-options-and-how-do-dscr-loans-stack-up

Hey Katherine- analysis paralysis is so real and can prevent even the savviest investor from taking that first step. There is a fantastic book on the BRRRR method, linked here: https://store.biggerpockets.com/products/buy-rehab-rent-refi... that I would definitely suggest reading.

However, the first step can certainly be the hardest. I would suggest going to meetups and forming a network of people who are ahead of you in the game who can help you to visualize the future and understand that success is possible! 

Hey Jordyn- congratulations on getting such a head start. You're definitely ahead of the curve.

A good way to get started in REI is house-hacking, something that I'm sure you've come across in your REI research. This is particularly useful as a college student- a time in which living with strangers is perhaps a bit less arduous as it's what is expected.

As you grow to learn and understand the industry through this strategy, you should be able to have a leg up and begin to utilize other strategies going forward. 

This looks like great real estate investment, a property close to family that will only appreciate long-term. Great moves! Congratulations