All Forum Posts by: Elton Lika

Hello everyone!

I hope everyone of you is doing good on pursuing real estate dream :).

I wanted to take some advises from this community regarding an investment for a condo located in Media,PA.Actually i have not done any deal or got my first property until now for some reasons (and fear to be honest).I was looking around in zillow and found out a condo with a price by 70,000 (1b+1b).Searching for a FHA loan information i found out that this will be a good price for my budget but i know i will have troubles getting it because of my credit (new to this country,just 2 years).

Please help me on figuring out the pros and cons on buying a condo as a real estate investment (1st property).I may use this as a place where i can stay since i am renting an apartment for more than i would pay for the mortgage.The HOA of this condo is $320...

Thanks in advance and wish you all the best of luck.  

Elton LIKA

@Tom Ott and @Kyle Lane thank you in advance.If i have any question i will send you a message for sure.

I really love the way how people help each other here.It is a great community.

Thanks again.

Hi to all BP members,

My name is Elton and i am a newbie in RE journey.I am from Albania and i came in the USA 2 years ago.Now i live in Broomall,PA.I am interested in investing in real estate but for now i am focusing on learning and observing how things work.I wish i could find a mentor near my area helping me through this journey.Being part of the BP community is great since you can find amazing info's and amazing people willing to help you without any hesitation.I started to be part of the webinars from Brandon and it is great.

Wish you guys and gals all the best,

Elton LIKA 

Hi all,

As i started to learn about RE in the same time i was looking for any opportunity to own my first RE investment.I was searching on the websites in Wilmington DE area and noticed some opportunities for flip or rental but i am not sure for the market in there.Some prices of some homes are really cheap which makes me a bit suspicious why they didnt sell...I would like to have some information regarding Wilmington area on where i can look for better opportunities for rental or Flipping RE investments.

Finding BP website i think was some kind of sign that i need to start RE investment :).

Thank you all,

Elton LIKA   

@Arianne L. actually i have like 4 credit cards with a credit limit by $ 12,000 and i am trying to pay all my balances every month (sometimes it get frustrating :) ).I found i had a good credit when i bought my first car(which i consider the worst investment i have ever done) with financing (last month) and i got approved without any co-signer.Still i know there is a long way to go for getting in RE but i really like your idea for a duplex or triplex.It is a great investment while you can live there by your self and in the same time renting it for other tenants.

I thank you very much.

@Brandon L. thanks a lot for your answer.It totally make sense what you said.I will work on my credit and in the main time i will learn more on this investment opportunity.I am a civil engineer but still didnt find my self here as one since it is a bit tough to get integrated quickly.I found BP to be a really helpful source for newbie investors (i dont know if i can call my self an investor since i didnt invest anyplace :) ).

Once again thanks for your suggestion.

Hi all,

I am just starting to learn about real estate and loving the idea so far.Me and my wife came to U.S.A 2 years ago with green cards (from Albania) and we settled in Philadelphia,PA.All the time we thinking to buy a house but since this credit thing has been an issue for us i think we will have to wait a lil bit.My question is simple:should i wait till i buy my house and then start looking for investments in RE or should i start looking even if i rent a property for my self?I will really appreciate any suggestion.

Thanks,

Elton LIKA