All Forum Posts by: Cameron Christian

Watch out for HOA fees. It can be an easy expense to overlook! Best of luck.

Thank you all so much. This has been super helpful and all points worth considering moving forward.

Hey BP community, huge rookie here so bear with me.

Over the past month I have been looking into unique ways to finance my first property. I thought investing in real estate was many months or even years away from me and my wife but have recently realized that was a lie and now I have a couple of different options.

I just met with my mortgage guy who is an investor himself, he got me approved for an HFA loan of 3.125% interest with a 4% grant that will go toward downpayment and closing costs. ($12,0000 on a 300k house!)

My dad also has a Home Equity Life of Credit that I can use to get into my first property, then in a year we will refinance and pay back my dad. I do not know much about HELOCs, the interest rates on helocs, etc.

I am looking at homes in the 200k-300k price range in Fort Worth Tx.

We will likely live in the home for one year with the HFA loan then rent it out. But not sure what we would do if we used my dads HELOC to buy a home. Most likely live in it for a few months, fix it up, then rent it out.

Question: Which type of loan do you investors see as the smartest option for my situation?

Man this is inspiring. I’m a rookie looking to do flips in Fort Worth. I get discouraged thinking the market is too hot and prices are too high to make good things happen.

This story inspires me and your motives are awesome.