All Forum Posts by: Phillip Gonzales

Hello so I have a million questions lol I have not yet invested into my first property, but before starting out any pointers I should do? I have been reading and doing things before starting any investment. goal was to reach 4-6 months worth of savings for my own personal finances. I also started an account with a local credit union which I intend on using for investments. Should there be other accounts or "financial planning" I should do before starting out. I have a 401k with day job and just want to be as prepared before I start. As well I am 26 but the way I think I feel  46 lol any help would be APPRECIATED! 

Thank you for the information I just know when I get my first property that it will get me more involved in what I need to do! 

Hello everyone I need some help so I am like a new born  baby to the real estate investing world. I want to get my first property within the next year just taking care of some consumer debt and I will be ready. So I see from a lot of people their success with single family or multi family. I want to start off in a multi family, but do not plan on living in a unit that I get. So with that being said would you feel as a new investor is a single family home easier to get going and maintain or is the extra work worth more getting a duplex. Please help me! 

Ok that clears it up so much for me thanks guys my DTI is very low from what I have calculated which is 10%

Ok so I feel I am getting mixed answers some are saying yes and others are saying no?? This will be an investment property, but what if it were a primary home?  

I currently rent myself but will be looking into my first investment property due lenders count current rent as a debt to income ration for loans? 

Hey @Brandon Hopkins I know I guess the issue I am having is that I want to start investing before I get older even though I am only 25 I feel time slipping from me. We are planning for next November for the wedding! :) 

Hello so I am in a dilemma and need help. I am expecting my first child next year and have been renting my own little condo, but I have been wanting to purchase a property before I found out I was expecting a baby. My fiance wants a a single family home for the family, but I wanted to do a duplex or invest in a property. I am just a bit confused and a little worried I am not making the right "investor" decision. Any insight or experience will help. 

Needs as listed 

1. home I am going to own

2. will sell or flip property within 5 years

3. Not sure which funding I should pursue 

HELP! 

Hey Jeff welcome I am finishing my real estate license now as well but do know my long term goal is investor but still will pursue real estate selling as there is great money in my area! 

Interesting you say that @alejando saenz I just about to ask that question