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All Forum Posts by: Evan Coburn

Evan Coburn has started 9 posts and replied 21 times.

Post: Cash flowing property with 0% down?

Evan CoburnPosted
  • Medford, OR
  • Posts 22
  • Votes 1

Hey BP, was curious if it was even possible to have a cashflowing MFH with putting 0% down? and how about even using FHA? Thanks yall

Post: Cardone Capital Investing

Evan CoburnPosted
  • Medford, OR
  • Posts 22
  • Votes 1

@Jay Hinrichs what place is that called? I’m located in oregon

Post: Buying second property.

Evan CoburnPosted
  • Medford, OR
  • Posts 22
  • Votes 1
Originally posted by @Artemio Barrientos:
@Eddie Werner Thanks for your response.

 How did it go? i think you can do that, in fact most people do that. did you follow through?

Post: borrowed money for a down payment?

Evan CoburnPosted
  • Medford, OR
  • Posts 22
  • Votes 1

So basically, save up my own money before investing? Lol

Post: borrowed money for a down payment?

Evan CoburnPosted
  • Medford, OR
  • Posts 22
  • Votes 1

i was wondering if i can use borrowed money like from a loan agency as my down payment? or use it for reserves, closing costs, etc..

thanks for the feedback

Post: Help Analyzing a Rental Property

Evan CoburnPosted
  • Medford, OR
  • Posts 22
  • Votes 1

i need help analyzing a rental property. it is a duplex here is the link https://www.realtor.com/realestateandhomes-detail/...

i got a negative cashflow im assuming because the asking price is so high?

thanks for feedback everyone

Originally posted by @Stephanie P.:
Originally posted by @Evan Coburn:

i want to end up in multi family homes in the long run, but i have no money down, no money for vacancy,repairs,rehab, etc.. my idea was to start with a single family home(easier) with good equity, live in it. but fix it up a little & house hack to pay my mortgage. then a year or two down the road pull out the equity or even sell and purchase a multi family home that way ill have more money to back me up. how does that sound as a first investment? 

 Hey Evan

There are numerous first time buyer programs out there. Find a good local mortgage banker/broker who can help you navigate those waters. More than likely, a municipality will provide a grant for down payment depending on your income if you're a first time homebuyer. If you want to go units, try FHA or Home Possible and house hack (live in one unit and rent out the rest).

Stephanie

Hey stephanie, whats a municipality exactly? 

Thomas, cant you add the closing closts and all that into the mortgage? and i thought there was a first time home buyer program that required 0 down.

thanks greg.