All Forum Posts by: Antoine Martel

FHA is conventional financing and you can use that if you're going to live in one of the units.

Sure you can set one up. I would recommend using InCorp.com

You can certainly try. 

I have a lender who helps my clients get financed for $60-70k range all the time and I can introduce you to him, we can see if we can get you financed.

Send me a private message.

 From my knowledge the banks wants to see that the funds for the downpayment have been in your bank account for two months. 

Refinance doesn't have as good of terms as a purchase. I would purchase with conventional financing and just skip the whole refinance process

 A conventional loan that will close in 2 weeks?

She needs to work for a brokerage. She can find a low cost brokerage that isn't part of an association where she will not have to pay for the association fees but she will get MLS access. I do not know if there is one in WA but in CA that is what I have signed up for.

Of course it would be best if you just had one. 

But you can use two of them if you'd like. 

I would just be clean and upfront with them as to what you're doing. 

With $30k, that is just enough to buy a rental property out of state in some affordable markets like Memphis and Cleveland. Other than that, $30k isn't enough to do a BRRR or a rehab unless you want to take on hard money.

They will go back in the year and find duplexes. Single families and duplexes are not comparable. 

Hey Nick. I grew up in San Mateo and the midwest is the way to go.

You can pull a HELOC, let those funds season in your bank for 2 months, then go and buy rentals with conventional fannie mae financing.

With $200k you can buy 10 rentals, each will cash flow $250/mo, so you'll be netting $2,500/mo in cash flow. Let me know if you need help to get started. I don't invest in those markets.

My markets are Memphis, Cleveland, Birmingham, St. Louis. 

Let me know if you need any help