All Forum Posts by: Brandon Ribeiro

@Tiffany Roberts thank you for the input! I do currently live rent free- moved back in with my parents last year to save money for this exact reason. I’ve been looking for multi- family properties, but I can’t find any at all that I would be able to afford within a reasonable distance from where i work. That’s the only problem I’ve found with that

@Kwadwo Boafo I qualify for a conventional with 4%. I want to stay away from fha if possible so I don’t have to refinance out of the pmi.. I’m going to be refinancing anyway after the rehabbing is completed

@Ivan Loza I have my pre approval based on 4% down. But I keep losing to other buyers because they most likely have a stronger position in regards to down payment.

@Cole Miller thank you for that!

@Theresa Harris

I’ve placed 2 offers so far and lost both. 1 offer was full asking with no assist and the other was 9k less than asking with an assist.

The houses within a 10 mile radius of where i live now are going for upwards of 180k. These are property’s In locations I would move into of course. My goal for my first investment was to live in it while I rehab it. Then move out and use the brrr strategy

@Cole Miller

I want to try wholesaling, I understand the concept of it, but I’m unsure of how much to offer for homes and where to find investors to wholesale to..

im trying really hard to get the ball rolling with my real estate investing passion. the problem is I only really have about 12k to work with.

i am having a hard time knowing if deals are "good" or not because im not sure how to calculate or figure out ARV. i also am not sure how i would even fund the rehab, should i even buy a property.

should i move into a house and just house hack? or how can i buy strictly an investment property, because my lender says i need 30% down...which i dont have.

im just stuck in this circle of not knowing what to do and its really frustrating. seeing all these success stories is great, but i dont know how to get my feet off the ground to start doing what theyre doing as well!

Please help and thank you to everyone in advanced!

@Perry Farella

Thank you for your feedback! I will definitely check out your blog!

So im looking at buying my first property (put in 1 offer and lost at full asking with no assist). I dont have a lot of capital so im trying to stay under the 200k range. 

I am planning on living in the house for about 1-2 years max, and house hacking it during that time- then move out and use that as a rental and get another property for myself.

my question is- being that i dont have too much money, or experience it is hard to tell how much the rehabbing will cost to know if i will get a return. I also am not sure how i would fund the rehab since most of my savings will be going to down payment and closing costs.

I did have a showing that is move in ready, not much can be done to this property to add value, but it is at the top of my budget (200k). my whole plan is to do the BRRR strategy, so i can use the equity to fund my next property in 1-2 years...how can i make that work when not much can be done to the property?

Are there any wholesalers in the Montgomery county, Pa area that I could potentially drive for dollars for- in exchange for simply shadowing a wholesale process?