All Forum Posts by: Chris Perrin

@Robert Leonard you got it. I’ll share anything I find useful. 

Hey everyone, I moved to NH recently and I am looking to make some connections and start networking to find my next deal. I finished my first deal this passed February and I am looking to get into another soon. If anyone has any advice or knows of any RE meet ups that would be beneficial, that would be greatly appreciated. Thank you all

@Brian Adams Thank you for your help! I will read your articles and website for some more information then I will in touch.

Hello All,

I am looking to talk to any realtor or investor about the market in and around the Fort Hood area. I currently own a multifamily in Providence, RI and don't know much about the Fort Hood area. Any help or advise would be great. Thank you!

Evening All,

I am looking to invest in the Dallas/Fort Worth area, I currently own a multi family in Providence,RI. I would love to make a point of contact with any investors or agents in the area to gain some more knowledge about the market. Any help or information you could offer would be greatly appreciated. Thanks everyone!

I just recently closed on my first property this month, things are going well so far. It is an FHA loan and I currently owner occupy it. The other unit is already rented as well.

I am currently trying to find another property to buy with a friend who also owns a multi family in the same city, also an FHA loan. Our plan, initially, was refi on his property, pull the equity out of it and use it to put the down payment on the next property, Then eventually do the same with my property once the seasoning period was over on my property. We were hoping to use another FHA loan but after about an hour an a half conversation with a loan officer, she told me that none of it would be possible. The FHA due to the owner occupant criteria. And that my partner and I would have to wait 9 months or so to be able to get a loan that would suit us.

My question, I suppose, after hearing an hour and a half of no's is, are there any other good options for someone trying to get their second property? Apparently our funds are tied up but we are looking to get a deal done in the next few months if possible to keep the ball rolling. Any other advice or recommendations as to how to get financing for the next deal would be greatly appreciated. Thank you for your help!

Hey everyone, I'm just wondering if anyone has any information or suggestions on how to get a real estate investors line of credit? I heard about it in last weeks pod cast. I am just curious if anyone else has used this method and how to go about it. Thanks for your time!

That is another issue in itself, I see other investors stories and listen to the podcasts and I see people buying properties for 55-70k. You couldn't buy a tree house around in MA for that price. Never mind anything worth investing in. That's why I'm trying to figure out how one gets into the market without having a ton of cash floating around. 

Thank you for your responses, they are appreciated. I have a secondary question about HML's. Do buy and hold's normally benefit from this type of loan? It seems as if this would be better suited for someone who is planning on flipping the properties? Unless there is significant equity after a cash out refi. Anyone have any insight?

@Zakk Surprenant thanks for the well wishes, good luck.