All Forum Posts by: Jaycee Greene

CDFI, is that a Community Development Financial Institution? I had to Google that lol. I'm not worried about my credit, I do credit repair and have been experimenting with my own credit. I'll have it above 700 before Halloween and then I'm going to nose dive into a house hack. Where can I find info about CDFIs?

Hi! New to investing and learning everything I can. Every property I analyze seems to result in a negative cash flow, even when using the Bigger Pockets Deal Analysis Calculator. Looking at investing no more than $ 300,000 for my first property, with a 20% down payment.  Is it me doing something wrong?! Or are there no deals for my budget?

I have made a spreadsheet to analyze deals. 
However after hours of research in tulsa market, I can’t seem to find anything that will even cash flow more than 100 . Are my numbers unrealistic? Should covering cost be good enough??? 

Thank you all for the contacts and help! Greatly appreciated. @Jaycee Greene I may be closer to ready than I think but my credit scores are below 600 and I have no money saved yet. Is there a way for this situation?

I know that I'm looking for properties in my market. I don't have answers to the other questions yet. I'm not ready, just thought this place would help me get ready

Hello everyone! I'm excited to learn and connect with you all. I'm a licensed realtor, homeowner and now real estate investor. I'm here for all the advice and strategies!

Hello everyone, my name is Austin and I am in the beginning phases of becoming a rental property owner. I have always considered buying rental properties, but I have not committed to fully understanding the business until recently. I am currently taking any and all knowledge regarding property ownership and am very grateful to be apart of an amazing community here at BiggerPockets. About a week ago, I finished reading The Book on Managing Rental Properties by Brandon Turner and Heather Turner which was cram packed full of very valuable information and through the book I was directed here. I am 27 years old and am a veteran; therefore I plan to utilize the VA home loan to purchase my first rental property. I plan to use the house hacking method for the first few years buying duplexes, triplexes and quadplexes. I am taking a year to learn the business before I purchase my first property in July of next year. I am honored to be here and be apart of a very prestigious group of people and I hope to learn a lot from those who have knowledge to share. Thank you.

Investment Info:

Single-family residence buy & hold investment.

3/2/1
1400sq ft
0.3 acres

What made you interested in investing in this type of deal?

It was an opportunity to get into the market via house hacking during the last few months of 'low' interests rates.

How did you find this deal and how did you negotiate it?

This property had a high DOM count and sellers motivated by an out of country relocation.

How did you finance this deal?

Conventional loan + cash

How did you add value to the deal?

Brief contingency periods

Lessons learned? Challenges?

Layout matters when it's time to sell!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I worked as my own agent on this deal.

I'm a Denver native, most people call me Denver. I jut want to get acclimated with this community and hopefully find a mentor or two and find my way/niche into Real Estate Investing. My initial areas of interest are flipping and multi-family rentals 2 to 4's and small apartments. I listen to the podcast daily and I'm just going to continue to be a sponge until I find my way!

I want peership. I got six properties under my belt without being part of a community and now I am facing challenges that 1) I do not know if they are real challenges or part of the normal course of business or 2) how to resolve them or 3) if I am doing it right. While I appreciate your naysay, what I am looking for - reassurance and oversight - can't be replaced with a Youtube video.