All Forum Posts by: Jesse Weiler

Hey Alayne, 

Welcome to BP, it has been a huge part of my getting involved in real estate and continues to be as I am working on my first flip in Ephrata PA.

Wish you the best with your goals and if there is anything I could do to help please ask.

Happy New Years everyone!

Jesse 

Thanks everyone for answering my question, as well as the added info and advice on other options for purchasing the property! 

I will be staying away from trying to do something like this and in the future I will continue to make sure that I am getting second opinions when something don't seem right. 

@David Dachtera, the reason I can not move into this property is I am currently managing a farm for my job and lodging comes with it but I am required to live there.   

Hey everyone I am from Lancaster Pennsylvania and I just look at a house with 3 units in it. It is not on the market and the price that is being ask would make it a decent cash flowing property. 

So I talked to a loan officer at a local bank for some options and for a conventional loan he gave me 2 options. #1 would be paying the 25% down on a 30 year loan. #2 If I move into one of the units they would give me the loan for only 5% down. 

Here now is my question, due to where I am living it is not an option for me to move but the loan officer told me that there is no set time I have to live in the property so I could "move in" for like 1 week and then start renting it out again and as long as I keep making payments the bank would not ask questions. 

Has anyone done this? 

Would you advise it?

I have not been in real estate very long and I am striving to keep all of my business dealings honest and above reproach!!

Any Questions please ask.

Thanks   

Welcome to BP! I wish you the best as you start investing here in Lancaster County. I am also a new investor here in the area and I am excited right now because I am getting close to buying my first flip! I would enjoy hearing more about what your are looking to do and if I can be of any assistance or we could work with each other some way that would be great!

Good Luck!!

Hey everyone, I just read the blog that Brandon Turner wrote called 5 Habits of the Wealthy That Help them get Rich and in there one of the books he advises using is The 10x Daily Planer so I am wondering if any one has/is using it and would recommend it? I am just starting in the real estate world and it has made my schedule busier and I struggle to make the most of my time and order my life to be the most effective. So any other books you would advise or tips you have would be greatly appreciated! 

Thanks 

Jesse    

Hey Jonathan, welcome to BP! I am also new to BP as well as the world of investing but it sounds like you have done well for the first year here in Lancaster! Keep it up.

Hey Scott, I know I am late on this thread but I am very new to real estate as well and I was wondering if you went to any of the REIA meetings at LBC?

If you did, would you say it was worth your time and a good resource as a new investor?

Thanks   

Hey everyone my name is Jesse Weiler and I am from Lancaster PA.

 I currently do not have very much expertise in the area of real estate investing but that is the reason for me joining BiggerPockets. I happened upon the podcast first and from there joined the website and began to read a lot of the blogs and books that are available. It has been a great boost of info for me in my goal of buying and flipping houses as well as acquiring some rental properties for a passive income.