All Forum Posts by: Jordyn Njoroge

@Varinder Kumar My lender is in tact, just looking for better deals on the market with a conventional loan. All in all it seems possible. Thank you all for your input! 

I see, and thank you for the scenarios. This seems more like it speaking from the lender side, what about the seller side. Will the seller accept an offer coming from a conventional loan rather than an all cash buyer? Are the odds more than likely itll be a big waste of time  finding a seller to accept my offer?

On some forums people say they will only take all cash buyers, of course i wouldn't even consider purchasing until I have professional guidance on my side as these properties come with surprises. But what's the real answer, are all foreclosures and REOs for cash buyers or can I obtain one of these properties on a conventional loan? 

Ive been saving my earnings to get my first house to flip. I am just starting out but from what ive read i can get a loan on a cheap house with 5k as a down payment.. what would be a smart choice for me/

invest now and work on renovation?

save up more and than act on it later?

one forum said no matter what the house will eventually get sold getting a big return but it could take anywhere between 1 month, 6 months, to years.

Young and ambitious but dont hold enough wisdom in the industry to decide a good decision.