All Forum Posts by: Branden Sewell

@Stephen Jeffers

Yeah I will let you know how it goes. After talking to the Mortgage broker she said we have a pretty good shot at getting into something. Of course it will be a challenge but I can work with that.

@John Kent someone else suggested that earlier in the program and I am actually already signed up for a workshop on the 8th of September. I went ahead and checked it out on my own. My wife and I are looking forward to getting more info on NACA's Program.

@George Boyd 

Im glad that this post has helped you! It has been extremely helpful to me. I have learned so much from everyone. Such great contributions on here!

@Stephen Jeffers What I am looking at now is the possibility of a 203K on a duplex around $170K. That would give me about $30K to play with for potential repair costs. That is basing things off of getting approved for $200K based solely on my wifes income. However, some really awesome people got me in contact with a great loan officers that is helping me to understand my options better and I think we are going to make a move on a duplex by the end of 2018. We are going to be able to get my wife approved for a little more since we will be including the rent for one side of the duplex as income. 

We should be able to save enough for a downpayment by December but we will need a seller willing to pay the closing costs.

Goal: 1st deal done by the end of 2018!

I wouldn't say I am rushing things but I am dont want to be one who sits around and talks about this investing things I want to make something happen. Loving all the great feedback!

@Ron Fletcher & @Jack B.

Thanks for the feedback. My only thing is I am not up for being slow to start and I am not up for letting fear hold me back. I think that is safe to move slow, but I am not sure that it will help me reach my short term goals. Unfortunately I don't want to wait a year. My goal is to fight, take big risks and make it happen by the end of the year and get out of paying this outrageous rent for a one bedroom apartment. If I wait a year then I will be locked into a lease for another year and the rent goes up. That is more money out of my pocket! I need to make something happen by the end of the year. At the very least we will be buying a single family, but our preference would be a duplex that we can house hack. We are actively saving $1K per month and on good months around $2K. By the end of the year we plan to have enough saved to do a conventional, FHA loan. However, if I can use someone elses money and move faster that would be my preference. That is what Im thinking personally.

@David Baier I am open to looking at all options. Let’s talk more about these options on Friday. Looking forward to meeting.

@Walter Aaron Poling Thanks! Yes the biggest problem right now is money down. I’m trying to get creative to get something rolling. My goal is to get my first deal done by the end of the year so I have make moves. I’m determined to find a way and all this amazing feedback is helping a ton!

@Nadine Delille All I can say is stick to it. Keep learning. I am determined to meet my goals and not quit despite the resistance I’m facing now. You do the same thing. Keep in touch on here and let me know when you crush your goals!

@Elliott Elkhoury So true, I guess I was misled into thinking people just jump in if you have a deal. I’m definitely learning a lot through this forum though and my time will come. I think I might get my real estate license and sell some houses on the side to bring in some extra income so I can get into the game for myself. Looks like that might be my best option for getting the capital needed to move forward.

@John Fortes Thanks for that feedback. I really appreciate the positive vibes. I’m learning a lot and definitely building my confidence to go crush my goals.