All Forum Posts by: Eaysha Scaife

Hello, I'm looking to purchase my first property. My goal is to get an FHA 203k/203b loan for a 4 unit property. I'm having a hard time getting started, and there could definitely be some analysis paralysis going on here but what are some things I should be looking for in a lender. I don't necessarily need someone to hold my hand but since this is my first property I know there's a lot I don't know and there may actually be a better product for me. I'm just a little lost on how to get started. Also, would it be better to contact a local bank/credit union or should I reach out to a mortgage broker?

Thanks so much for your help!

Hello, I'm new on the Bigger Pockets website but I have been watching the YouTube videos and podcasts for over a year now. I absolutely love the content and valuable information. I myself plan on investing in real estate within the next couple of years after I graduate and get settled into my career. I'm 21 so the whole idea for me is sort of new and scary since I am really just starting my adulthood and I'm still living with my mom until I graduate in June. Nonetheless I am extremely excited to dive deep and start learning and figuring things out.

Hello, I am a graduating senior in college. Once I graduate I will be starting at a company, in my field, in Washington DC making $72,500 salary. My student loan debt is just under $25,000 and my credit score is currently around 720 for all 3 credit bureaus. (By the time I am planning to move my score will be higher). My mother is a realtor in North Carolina and she is telling me that with my budget I could simply purchase a condo or a townhouse that would be cheaper if not around the same price as renting (I understand I'll have other fees like taxes, insurance, and HOA's). My sister is passionately against the idea and is telling me it makes more sense to rent. Personally, I plan to start investing in real estate in a couple of years, and I feel that purchasing a property for myself would be a good foot in the door and give me better understanding and experience. I am not familiar with the housing market in that area, so I've come here looking for guidance. What would be your suggestion, especially if you know or have experience working in the DC market.

Thanks