All Forum Posts by: Katelyn Latour

Hey all,

I am planning to update a rental unit that I have in Cornelius, NC once my current tenants end their lease. Looking for a trustworthy contractor with some great references to take this project and run with it. I will be doing this from out of state.

If anyone has any contacts in that area, I would love to hear who you've got!

Thank you!

@AJ Leman Thank you so much for the suggestion! As i was driving the town today I came across a bank local only to the area. They were closed being a Sunday, but will reach out to them and see where that gets me. 

The properties have been listed for a bit, so was also thinking if i couldn't work that out, maybe get into the one for the right price, and then borrow against the equity for down payment on the others? Obviously a longer timeline but they don't seem to be moving very fast. 

Hi All, 

I am looking at a SFH that is available for purchase on its own, or as a package of 3.

My plan for the one property is to live in and rehab, then rent in the future. It is in decent shape, just requires some updates. So, I would plan for owner-occupied conventional mortgage. 

My question: Is there a way to somehow wrap the other two properties into the deal and still qualify for any type of owner-occupied financing? My goal would be to purchase all 3 properties without putting 20% down.

Thanks!

Hi All,

I am excited to have joined BP and can't wait to see all that it has to offer. While I do not have any experience in REI, I am extremly interested in building knowledge so that I can get started sooner rather than later.

I currently live in RI but work in Boston,MA. I do not own a home right now, and thought that investing in a property in a commuter location would be a good way to start growing my assets, while easing the commute a bit. I have been thinking about Attleboro (but am open to other locations), somewhere within walking distance to the train station. I would either like to find a single family to live in and fix up short term (rent or sell afterwards), or a duplex along the same lines. If this initial project works out, I would like to continue investing for the long term. 

I am wide open to tips and suggestions for getting started; especially in relation to picking the best market, as well as finding an ideal first property. 

Thanks!

Katelyn