All Forum Posts by: Kecia Love

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Thank you for that information. I did take out a line of business credit of 150k I just need to know if it's the right thing to do to use that as part of the down payment and obtain an additional DSCR loan to cover the purchase price

I have a business line of credit of 150,000 with a 9% interest rate

Is it possible to purchase a first time investment, self employed, don't own property currently… familiar with DSCR Loan, however you still need to show anywhere from 20 to 35% 60-80% LTV down payment and possible seasoning of funds… is there any other way?

Levertis levertis, I have it correct now and you don’t need representation from a real estate agent this is true however make sure that you build a database of the proper contracts needed, also build your team make sure that you have a good contractor, inspector, attorneys office get to know your go to attorney go to the office go to lunch sit down with them your real estate attorney is going to be your best friend and they should know how to do transactions with and for investors which will save you on closing fees if you do a number of deals they will normally give you better pricing on your fees it just depends 

Hey Levette I know I butchered your name sorry because once I got into the reply I can no longer see the spelling  

Read your contract thoroughly look at all of the due diligence dates and if you were represented by a real estate agent who failed to do their fiduciary duty in representing you ..you can talk to their broker and have that broker pay your earnest money fee you would have to go through mediation/arbitration, if it is found that the agent did something negligent or incorrectly …do not just give up your earnest money like that if the agent is at fault… I read what you said and I’m listening to how it was done

This is a learning lesson your contract is the most important document/documentation in any of your real estate transactions. 

You have to make sure that you were represented properly your agent was supposed to give you a list of important dates and explain to you that your earnest money can be lost if something is not done within a timely manner which is called your due diligence

i’m interested in really getting serious about investing and building a portfolio

I ‘m a real estate agent in Georgia as well as a mortgage loan originator and it’s time for me to do this for myself

bigger pockets I have always felt has been creditable and I just want to  know if the pro version will be best 

Hello everyone my name is Kecia,  I’m a real estate broker and Mortgage Loan Originator. I’m a mom who adores her family and usually best friend to most people that meet me. I love meeting new people engaging and learning about others. I’m ready to build some generational wealth and leave a legacy for my family and make them proud

Good topic! there are individuals in this world that are so afraid of failure that they also become afraid of success,what I mean by this, is that most people are afraid to take a chance and a lot of them are lazy and want everything to come with an easy to follow manual. 

Well those who have invested in Real Estate know that all the hard work rehabbing,  qualifying and maintaining good renters, flipping your homes and making good  well thought out and researched decisions doesn't come minus the headache and heartache at times, but the end result when it all comes together is gratification at it's best.

In conclusion, no matter what others say we all need to stay true to what we have dedicated ourselves to committing too, we need to maintain our personal motivation and continue to move forward and when you hear negative comments, replace them with positive productive and motivating people. 

Keep in mind that there has been and will always be doubters, we all know that the first plane ever built and ran successfully was shot down as a foolish idea and thought to never have a chance in this lifetime of existing or working, so imagine of Orville and Wilbur Wright actually took that negative energy and allowed it to consume their dream of flying.