All Forum Posts by: Caleb Brown

15%-17%!!! That's high if that was in KC. I typically see 7%-10%. Maybe my market is different but that's nuts. At the end of the day PM is very crucial if you have never done managing before. 

Is lenders giving out 10% loan for investors? Since Covid I am seeing a minimum of 20% down. If you can though I'd put down less. The bad part of less than 20% is having pesky PMI to add onto your monthly payment.

I am 20 but being 3 years in I wish jumped in quicker 

Welcome, best of luck!

Everyone has given great recommendations. I would house hack using an FHA loan. I am 20 and plan to do that beginning of next year. Gets your feet wet and it's not expensive to have 3.5% down. Also congrats on having 100K keep hustling and grinding!

Just curious what part of KC? I have seen/helped so many investors buying here. 

Bigger Pockets is one of the best ways to connect. Also find local meet ups/FB groups. Another way is find places that have been rehabbed and see if you can reach out to the listing agent for the GC's that might have done the work. Listing agent might be investor friendly too. Best of luck!

I always lean and advise to get into small/medium multi family starting out. Whether you take a deal down yourself or partner with someone. Continuing to BRRR could be another good option too.

Nice work! Good area

If you are pre approved or have a lender you work with they can get you a monthly payment