All Forum Posts by: Evan Coburn

thanks for the reply Jonathan, how about this scenario to get me started..  start with a single family home(easier) with good equity, live in it as my home. 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?

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? 

is it a good idea to invest in real estate with absolutely no money? as in no downpayment, no money for vacancy, no money for repairs or rehab? can i get a private laon from like a local loan place to cover all that??

appreciate the help!!!

thank you sir, what are good ways to find more accurate info on those specifications? 

i have been playing with the BP rental property calculator. and i have been using info off of zillow on a specific property. like for instance zillow tells me the estimated mortgage, taxes, insurance, market value. are those accurate?

i was told by a mortgage banker that i have to have 2 years work history to qualify for a loan. is ther anyway around that so i can invest sooner?

did you guys finance your first property? or was it cash? 

and did you guys rehab for first property as well?

for my first investment property what is the safest way to go, Multi family or single family? what one is the simplest but still steady cash flow?