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All Forum Posts by: Jackson Casteel

Jackson Casteel has started 3 posts and replied 8 times.

Post: Pre-Approved Now what?

Jackson CasteelPosted
  • Charlotte, NC
  • Posts 8
  • Votes 1

I am a young aspiring investor and I was just approved for a personal home lone. My plan is to live there for 3-5 years and immediately turn into a rental. After renting out my first home i plan on moving to another and doing the same. My question is how can I put myself in the best position to have a successful investment portfolio in the next 10 years?

I live in Charlotte, NC 

Should i get a realtor?

What things to look for when buying the home?

I know the basics 1% rule, a.b.c neighborhoods, ect

Any help would be greatly appreciated.

Post: First investment

Jackson CasteelPosted
  • Charlotte, NC
  • Posts 8
  • Votes 1
Originally posted by @Account Closed:

@Jackson Casteel I see. Yes, I believe a standard consumer mortgage requires at least 20% down. There are some low down programs like FHA & USDA but those come with various stipulations.

 Do you think buying each home as a conventional  loan and living there for a year is an option?

Post: First investment

Jackson CasteelPosted
  • Charlotte, NC
  • Posts 8
  • Votes 1

With a consumer mortgage does that require  20-30% down I was trying to avoid (the reason for using resident mortgages every year)?

Post: First investment

Jackson CasteelPosted
  • Charlotte, NC
  • Posts 8
  • Votes 1

thanks cir! I was also considering alternating mortgages with my wife to max out our # of allowed loans. So her one year me the next so on and so fourth. I'm having trouble understanding what to do about the second and third home... Do we keep moving year after year or live in one and save for the 20%down investment property??

Post: First investment

Jackson CasteelPosted
  • Charlotte, NC
  • Posts 8
  • Votes 1

anyone

Post: First investment

Jackson CasteelPosted
  • Charlotte, NC
  • Posts 8
  • Votes 1

Biggerpockets community I have a issue and I'm looking for  my first investment property. I want to hold this property as a rental for as long as possible. My bank has me approved for 215k but I want a home in the 100k range. I will be using a conventional loan to save my fha loan for another property (I guess).???i would live there for a year then rent it out and move to my next rental ect.

My question is what would be the best strategy for me to build a healthy portfolio.

(In your opinion)

Post: I Need Help.

Jackson CasteelPosted
  • Charlotte, NC
  • Posts 8
  • Votes 1

i have credit and a credit score above 700, but yes thank you alot your information was very informative. and thank you j scott also.

Post: I Need Help.

Jackson CasteelPosted
  • Charlotte, NC
  • Posts 8
  • Votes 1

I came across this forum accidentally, but i feel that you guys are pros and could help me. I am 19 I live in Charlotte NC and I am currently in college. My dream would to be a property investor (landlord/house flipper). I just really want to know where to start. when i sit down and start reading it begins to be come overwhelming. Any guidance will be appreciated.