All Forum Posts by: Joon Park

I recommend doing your very first loan is a fix and flip. Just make sure that your leveraging the money that you have down into no more than 75% LTV situation to maximize profit. Then all you're doing at that point is making sure you had the largest spread possible between the purchase in the rehab compared to your final sales price. Or what the comps are in your area for a sale.

I appreciate this info Jason very much. Thank you so much for that.

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Originally posted by @Sam Horton:

@Joon Park That depends on what you are looking to do. BRRRR, flip our house hack. Most of the time an FHA product will get you in a home for 3.5% if you were to try house hacking first.

I was looking in venturing down the single-family property route with a buy-and-hold strategy in mind. However, I do have to do more research on the BRRRR method. Is buying and holding a viable strategy for someone starting out in rental property investing?

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As mentioned, I am in my last year of my undergraduate studies. I do have student loans that I'm paying off. At the same time, I've been maintaining a good credit score of around 700+. I am saving money hopefully to make a down payment on a loan that I get. Any tips or advice would be much appreciated as there are probably a handful of seasoned investors just like me that may or may not have the same questions as me.

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All Forum Posts by: Joon Park

Joon Park has started 1 posts and replied 4 times.

Post: What are your goals for 2021?

Post: Brand New Investor (Which Loan Should I Get?

Post: Brand New Investor (Which Loan Should I Get?

Post: Brand New Investor (Which Loan Should I Get?