All Forum Posts by: Christof Gardet

Hey all, forgive me if I'm posting in the wrong forum still new and new to the app. I'm in the Richmond VA market. I have been following a piece of property for a couple of weeks and through analyzing the tax records there is a discrepancy in rooms. MLS has 3 bedrooms and the tax record is stating 2. I think there was an addition done to the property without permit. How can I research more into this? What would I be looking at if I wanted to continue with the purchase (if I got a good deal i.e. Pay for the cost of the land under the building.) would it be worth the potential head ache?

Hey all I am at a crossroads and am not sure if what I would like to do is taboo or not. I have one real estate agent that I use to look at houses if I were to be house hacking. Recently I have found a buddy I will be trying to flip a house with and he has his own real estate agent. Is it ok to have more then one guy? I would like to keep both but I'm not sure if it's just wasting the first ones time. I am most likely going to partner on the flip before I buy and hold. Any advice?

what type of loans should i be asking about? did you have a difficult time obtaining a loan? 

Hey everybody,

I guess ill try and bring you all up to speed with my current position. I would like to start investing in real estate I like the buy and hold models I have been researching. I do not own any real estate yet, so I am renting. My rent is ridiculously cheap about $350 a month. All mortgage/ loans that have been suggested to me usually require me to have the house as my primary residence. If I were able to rent out the entire property I would be making much more then If I lived in it. My basic math on the properties would be rents on a duplex of $650-800 per unit, and about $1200-1400 on the single families I have looked at. My question is, Is it feasible to rent while purchasing properties? What loans should I ask about? Would it be a wise move to try and invest this way?

I forgot to mention that I have some money saved up for down payments. 

Just wanted to say hello. I have listened to BP for a while now and decided to give the forums a try. Looking to get started on multi family/ house hacking in the Richmond area.