All Forum Posts by: Jonathan Soto

Looks for meetups here on BP or on the Meetup app. Continue to go to them and network with folks. Create business cards as an easy exchange while you to these meet ups. BP is a great way to find a team in your area, look around for folks in your area and send them a private message.

Awesome post, I hope many of those individuals who were on the edge actually took your advice. if they did they are looking at nice appreciation. Many folks are scared to pulled the trigger and begin their journey. I'm glad I began mine last year and I don't plan on stopping.

Awesome passion, remind me of me last year right before I started. I purchased a multi family own occupied using a FHA loan and now i'm living rent free using the extra cash I have to purchase my second one as I should close in next few weeks. Go to meet ups in your area, you can find plenty here on BP or the Meetup app. Find a Real estate agent who is also an investor and pick his brain. Take it a step at a time and don't try to reinvent the wheel, we have many successful people in real estate you can copy their strategies in your area.

I will suggest finding a job first as you will need income to qualify for a home unless your parent qualify for a loan on their income. find an agent who invests in the area and pick is brain and describe your situation. Go to meetups in your area and also mention your situation and i'm sure you will find someone who can help.

You should start making payments on the mortgage to not let the house go to foreclosure and impact your credit for future deals. the first payment of the mortgage is always about 2 months after closing depending on the day of close. if you have escrow money specifically for payments then that money should be used as a lot of time has passed. start making the payments asap. Hope you can get this sorted out and it doesn't prevent you to move on to your next deal when this nightmare is complete. take all the lessons you can and move forward.

Welcome, best of luck on your journey. I will suggest to find an agent who is an investor in any of the areas you suggested.

Your Budget is a good range, are you working with an agent that knows the area and is also an Investor? I say that should be your next step as they will know the market. If you are focusing on rental income and not much on appreciation you should try to take a look at other surrounding areas.

Best of luck.

 How's your progress on finding a multi family in those areas? keep pushing and if you have the cash for the down payment go for it. Since the areas are hot you may not cash flow by living there unless you have 3-4 units in a very desirable area.

Never waive the inspection, you can put in contract you are buying as is and your attorney can help you add language during attorney review which allows you to pull out if the inspection report finds major issues. I suggest to find a new agent as he is not looking for your best interest.

How long have they been your tenants? do they always pay on time and you have no issues with them? giving credit my go into a bad road depending on the type of people your tenants are as they might expect it again down the road. if they are great tenants, never bother for the small stuff and you want to keep them, I would give them a small reduction on rent to help them off set the electricity bill. Living with no A.C in the summer is brutal but think of all the outcomes before you provide a credit.