All Forum Posts by: Ben Boss

Is it possible to get approve for a FHA loan to buy a property that's going into foreclosure?

@Harjeet Bhatti Thanks!

@Jerryll Noorden I like the motivation you have. Keep it up !! You are soon to reach your goals believe it !!

@Harjeet Bhatti What do you mean as a primary residence?

Hey, I was planning to buy a duplex while using an FHA loan pretty soon. To help pay for my second year of college. But I remember reading something about owning about 35% (I believe) on the property at the time you rent it out, I will not be able to get another loan until I have two years of landlord experience with that home on my taxes. For some reason I cant understand what that means . Can someone please explain this? And also whats a good amount to put as a down payment while using FHA loan to buy a duplex and still have a large amount of ownership on the house?

Originally posted by @Aaron Beauchamp:

@Ben Boss The properties will be on you to find. Hard Money Lenders wont find anything for you, but they usually know a decent wholesaler that may have a few good deals. To use hard money though you will need money. Hard money is used to leverage the money you already have to better work for you.  

 Thanks man I appreciate it.

Hey guys, My name is Benson I'm from Miami. I'm a very young newbie into this into this real estate investing. I have so many questions and I been seeing that that the forum is a really good place to ask all and any questions that on May have. So I was thinking since I'm new I really wanted to start off with wholesaling. I've done read a lot about it but the problem that I have is how and where can I find hard money lender to help me know what property I'm suppose to find to give to them? How do I find the properties that I need? And is there any advice that you guys can give me?

@Gregg Heminger congrats keep it up!

when you hold a property then fix it up with minor repairs and cosmetic improvement. Then turn around and sell it. Who are you selling it to?