All Forum Posts by: Julie L.

Nice work.  What's the plan?  Sell or Rent?

Way to go.  Tell us how it went knocking on doors.  What did you say?  What did you learn?

Hi Anthony, You are in an enviable position.  You've been working and making good choices with you earnings to have accumulated such a savings.  You've been smart and asking questions here is another smart move. 

I believe at your age and in your situation a house hack is a great way to get started.  Buying a duplex and living in one side while renting out the other side, even if you had to buy with a mortgage loan, would likely lead to you living rent free.  The rent on the other side of the duplex could cover your mortgage payment and maybe more.

Have you thought about - How many properties could I buy with $125,000?  If you used that amount as a number of smaller down payments on a bunch of properties that will each cash flow.  Could you buy two, or three or even four properties? 

You have a lot more options than you might realize. 

Or start with that duplex house hack, but ask yourself how little can I put down on this deal and still have it cash flow so that I still have some funds to immediately pursue my next deal.

Funny thing is I have $$, I simply don't qualify for a mortgage.  I'm in the middle of a flip on a house I purchased with cash - my very own cash.  :) 

If I continue this way I am limited to one deal at a time.  I'd like to see if I can cobble together some financing outside of traditional banking.  I'm not interested in hard money.  I'm looking at the types of funding in the middle ground in between mortgage banks and hard money.

Thanks.  Looking forward to learning and contributing.

Hi my name is Julie. 

I am new to real estate investment and am currently doing a slow live-in flip.  BiggerPockets has shown me the error of my ways and I'm ready to apply what I've learned and keep moving forward.

I am interested in investigating peer to peer lending and other sources of non-bank financing for deals.

Happy to be here. 

I did not mean that LED bulbs are guaranteed for a lifetime, but specific bulbs may come with a specified guaranteed lifespan, like 10 years, etc. 

Check with you local utility to see if they have a rebate program for a full building conversion to LED lighting.  If they do then you can work with local lighting suppliers to put together a package purchase that can save you big $$ on electrical expense month over month, year over year.  Be aware that not every bulb is equal.  The least expensive bulbs probably do not have a guaranteed lifetime.  Get multiple quotes for product.  Ask lots of questions.  Find the person who has the heart of a teacher and will school you on all the finer details.  It is possible to save big $ on your initial purchase of the bulbs and to save on electricity over time. 

Note: if your bulbs have a guaranteed lifetime then know what the process is for taking advantage of that guarantee and write the date in sharpie on the bulb as you install each one.