All Forum Posts by: Austin Youmans

@Mark Karamalak, Welcome to BP and Vancouver

what got you interested in real estate?

Hi @Mark Karamalak, How long have you been in Vancouver?

How is investing going for you?

@Ryan Colindres, Welcome to BP. 

Those look like great goals!

Let me know if you have any questions.

@Austin Adee, The truth is that you don't know what a bank will give you until you try. The worst that can happen is that they saw know and you ask why then you have a direction to go. The best that can happen is that they say yes so why not go in and check. 

Not sure where you are looking to buy but have contact info for a mortgage broker in Vancouver if you are interested. 

FHA house hacking would probably bee your best bet. you said you had 8,000 to your name so at a 3.5% down payment you could get around a $200,000 loan if you credit is good. You will need some extra cash for the buying process other than just the down payment but talk to a lender and just see what they have to say.

It will take a while to find a deal as well so don't loose hope and create a habit of finding deals and offering on them.

Let me know if you have any other questions.

@Allie Pfannenstiel, I would just straight up ask them if they invest. If they say yes ask them about there deals, what kind of investing, how they found the property.

Also ask them to send you the best best cash flowing deals on the market and double check there numbers to see if they match up with reality.

@Patrick Martone, the property only needs to be in "livable condition" which means something different depending on who you ask but was able to do the stuff like painting and flooring myself. If you want to do cosmetics like update an existing kitchen you could just wait until the loan closes and then it is your property. 

@Saad Aziz 

Start by learning the market and running numbers to see what works. Portland is a hard market for cash flow. 

Run numbers on a lot of places and learn what you can. 

What is your home life situation. 
Possibly owner occupy up to a 4 plex?

Hi @Matt Zoch, I have a duplex and live in Vancouver. 
Let me know when you are around and we can grab a coffee some time.

@Arthur Ryapolov, you need a job or some form of income so that lenders know you have the ability to pay the loan payments. 

@Andres Duque, Great goal dn find. How did you find that deal?