All Forum Posts by: Armand Ngassam

Trying to get an FHA loan and was wondering if anyone had any recommendation.

Hi bigger pockets!

I hope we are are all safe. Does anyone know which area in Delaware would be appropriate for a BRRRR investing? I learned from this forum that I would need a private lender and a bank to refinance my deals; please if you invest in Delaware or have done this before could you advise in how to get started?

My approach so far was to go on Craig list and use the key word "handy man" hoping to find good deals. However, what comes out is usually in very bad shape. Maybe the condition is not that bad but because I have zero experience, the listings I see tend to demand a lot of work in my opinion. My budget to get started is about 20k and my target are 3BR/1BR to rent in ok neighborhood. Does anyone know how to find better deals with good ROI?

If instead, I were to do house hacking, what would you recommend in locating triplexes and renting them out? Please any help would be very much appreciated. The longer I wait I feel like giving up but I know that by taking action with your help I will avoid making certain mistakes and my journey as a BiggerPocket investor would be shiny and solid.

Thanks for your help! Stay safe! 

Armand

Hi bigger pockets!

I hope we are are all safe. Does anyone know which area in Delaware would be appropriate for a BRRRR investing? I learned from this forum that I would need a private lender and a bank to refinance my deals; please if you invest in Delaware or have done this before could you advise in how to get started?

My approach so far was to go on Craig list and use the key word "handy man" hoping to find good deals. However, what comes out is usually in very bad shape. Maybe the condition is not that bad but because I have zero experience, the listings I see tend to demand a lot of work in my opinion. My budget to get started is about 20k and my target are 3BR/1BR to rent in ok neighborhood. Does anyone know how to find better deals with good ROI?

If instead, I were to do house hacking, what would you recommend in locating triplexes and renting them out? Please any help would be very much appreciated. The longer I wait I feel like giving up but I know that by taking action with your help I will avoid making certain mistakes and my journey as a BiggerPocket investor would be shiny and solid.

Thanks for your help! Stay safe! 

Armand

There is not much to say really! I do believe owners who have good tenants and some reserve would be ok. Hopefully all this whole mess, comes to end soon. 

Hello Alex,

Thank you very much for the words of encouragement. They really mean a lot to me. Alex, you are bringing a point here about market shock. I am not sure how to make this analysis in real estate. Could help here with some relevant indicators? I hope my question is appropriate here. 

Best,

Armand

HELLO bIGGER POCKETS! I have been educating myself for quite a while about real estate investing. I do not feel completely ready, but do not believe I will ever be ready to start. Has anyone been in the same situation as me? Please how did you overcome it? Any insights will be greatly appreciated.Thank you for your help.