All Forum Posts by: Luiny Tavares

I Think we are missing the point What @Erik W. is doing is not BRRR even in the imaginary scenario, because the second R is refinancing, and he said he doesn't want to leverage, so for Erick, a Better investment would be index funds that average an 8% return. As no debt investment, I think Real Estate might not be the best Vehicle.

Hi Family,

I'm happy to announce that today I passed my New Jersey Realt estate Exam. Congrats to me, So now I hold New York and New Jersey licenses. I did it for the access to the MLS, it was more challenging than I previously thought, I am excited because now I can make my own offers, and go check out properties that I potentially want to buy.

My next step is getting lines of credit so that I can have a leg up when making my bids.  One very important aspect of investing in Real Estate that I have ignored is Networking.  when I first decided that I wanted to become an investor, about two months ago, I was on this site every day, but I have not kept it up.  I understand that my networking will be the single most important factor in my success in this business.

I am a very social person Empirically however, I have not, up to now been very involved in social media, I mean I am on Facebook I have a twitter handle G+, MySpace, even something called High5 Lol... That being said I never post much or even interact on these platforms, however, I do understand that if I am to have any semblance of success in this business, I must have a strong social media presence, So please give me any advice on how I can stay in constant touch with my social media platforms.

Thanks for Reading and responding. 

@Chris Mason, thanks for the heads up. if someone tells me that 75% of the rental income can be used to qualify me, should I be concerned?

@Melvin List what is bank statement program, I assume the bank looks at your bank statement instead of your net adjusted income, and where can I look for those lenders?

Hey, @Richard Jahnle thanks for the info I will call, this might be the help I'm looking for.

Hello, Bigger Pockets Family,

I am a new investor, and I'm trying to get pre-qualified for a mortgage, preferably FHA cause those have the lowest down payments, and also tend to have a lower interest rate, and cash on cash return is important in my investment strategy.

I am a contract employee so I receive a 1099 instead of a W2, the bank I went to Provident Bank,  will only lend to me based on the amount I paid taxes on, from my 1099, and I try to pay as little taxes as possible, just like Donald Trump. so my Pre-qualification is pretty low for investing in New Jersey where I live.

 Are there Financial institutions that are friendlier to lending to folks with 1099's?

Please help, I want bags of cash, to help me with my investing.

@Robert A Garcia thanks for pointing out the Emotional aspect of all this, But as a cadet told me at A graduating class that I recently spoke in, "It is my duty to make money for myself" And thank you for reminding me that this duty will require massive effort on my part 

@Doug Smith, I will definitely be looking for your firm when I come down to Florida.

Yep @Andrew Johnson I guess the wet behind the ear Real Estate agent I'm looking for is my self, I will also test out to see if I can entice those willing to write the "lean bur fair" offers your speaking of, but I understand that will come when I have a proven track record.

Wao, Love it, thanks for the reality check @Christopher Phillips every day I spend on this site is like a crash course, all of you are awesome.