All Forum Posts by: Jevin B.

Thank you so much for the insight Brendan. It's been tough trying to piece together something that works and yes I am limited so I'm trying every possibility to get my foot in the door. I really like the FHA option, I'm going to bring that up and run some numbers.

Thank you!

I would be providing property management, as well as living in one of the units and paying rent. I guess I’m trying to figure out what else I can bring to the table and would this make sense for both of us?

I would like to put my money into a property I’m partial owner of, rather than rent from someone else. So when I do need to pivot to another investment I have some money to work with.

Am I making this too complicated or is there something there I can work with?

Hey B.P. I am a first time investor and I have a question about structuring a deal. I’m 23 years old currently renting in the Bay Area. I’m self employed and cannot qualify for a loan. I have a family member who is a real estate agent and wants to buy an investment property because her house is paid off. We both agreed to go in on a multi family property together and I will live in one the units. I currently can put in 10k-15k in to the property, but I’m having a difficult time trying to structure the deal. We have not met with a lender yet and I’m kinda stuck trying to understand how this deal will look on paper. Any tips or guidance would be greatly appreciated

New to bigger pockets and hoping I can make it if schedule aligns. 

@Brian Gerlach Thanks for the input. My main concern is my first purchase being out of state. I would ultimately like to purchase a second property in my area that I could then house hack, but not sure if its such a good idea as from the numbers I have been running still put me in the hole monthly. I have no debt with a fair amount saved in the bank earning me a lousy 2% and would like to get that money working harder. 

Would you recommend starting out in a local area with a very tight budget? Or starting out of state with more breathing room, but also with the concern of not being a close drive away to address any issues that arise?

Hey everyone! I recently stumbled across bigger pockets podcast and got hooked in. I am 20 years old living in Northern California and would like to start investing in real estate with either SFR or Multi family homes. The market I am in is priced at a premium, and I have a hard time finding something that will work for my situation. Ideally I would like to house hack, but am having a hard time finding something reasonable to purchase so that option is off to the side for now. I have been considering looking out of state to receive some cash flow, but am skeptical about purchasing my first property in a location I don't know as well as my home state.

I would love some advice as I am just getting started and am having a hard time finding any real deals around my area.