All Forum Posts by: Ray Malave
Ray Malave has started 14 posts and replied 46 times.
Post: Looking for a CA that understands REI
- Eastover NC
- Posts 46
- Votes 15
Quote from @Michael Plaks:
If you browse this very forum and see who answers the questions here and how, you will meet 20+ of us. Then contact those who you are interested in working with.
By BP rules, we cannot offer you our help, you must initiate contact from your end.
I have reached out to two of them and received no answers.
Post: Looking for a CA that understands REI
- Eastover NC
- Posts 46
- Votes 15
Good morning team, I hope all is well at your end. I am looking for an accountant that understands REI. I am a relatively new investor but, I understand the benefits and importance of having a good accountant early on (thanks Bigger Pockets podcast). Thanks!
Post: Excited to join the Community!
- Eastover NC
- Posts 46
- Votes 15
Quote from @Sarah Downey:
Hi Bigger Pockets Community,
I am super excited to finally join Bigger Pockets. I have been a real estate investor for 8 years and have worked in the private lending space for over 5 years. I LOVE real estate, and how it has changed my family's life. It is so fun to bring my kids out to one of our rental properties and explain to them how rental income works and that someday these properties will be theirs. My husband and I bought our first rental property back in 2015 while he was actively serving in the Navy. Since then we have added 7 more properties to our portfolio. We usually buy 3 bed 2 bath homes that are rent-ready in good school districts. In 2018, I began working as the SVP of Operations for a Mortgage Broker that focuses on Investment Property Loans from the Top Private Lenders. I have been with the same company for over 5 years now managing a team of incredible loan processors. I have learned so much from all the real estate investors that I have worked with and I look forward to being able to share my personal and professional knowledge with this community!
Welcome to this great community Ms Sarah. For me, as a novice REI, Bigger Pockets is my one stop shop for all my REI needs. All the best!
Post: Thank You Bigger Pockets Community
- Eastover NC
- Posts 46
- Votes 15
Quote from @Andrew Postell:
@Ray Malave awesome! Would love to see pictures or hear some stories/numbers on how it went.
Thanks, just posted on my profile. I'll hang some pics later.
Post: Thank You Bigger Pockets Community
- Eastover NC
- Posts 46
- Votes 15
Post: First Investment Property
- Eastover NC
- Posts 46
- Votes 15
Investment Info:
Single-family residence buy & hold investment in Blakely.
Purchase price: $160,000
Cash invested: $35,000
Its a ranch style brick single story house. It has 3 BR and 2 baths. It had 1full bath and one-half bath that I was able to convert to a full bath.
Post: Funding Options/Land Usage
- Eastover NC
- Posts 46
- Votes 15
Team, I bought a property that sits on 2.19 acres of land. The house, a long term rental, sits on one end which leaves most of the land ripe for development. I would like to build five 600 sqft 1BR 1 Bath rentals and list for the traveling nurse program. The property is zoned F101 Rural. I figure I will need vic $750K to get this done. I care more about long term appreciation than short term gains. Any advice on how to get this project funded will be greatly appreciated. Also, if you think I should take a different route as to developing the land, your thoughts will be appreciated as well. Thanks!
Post: Thank You Bigger Pockets Community
- Eastover NC
- Posts 46
- Votes 15
Just wanted to drop a line to thank this great Bigger Pockets community for giving me the courage to "take action". I recently completed my first BRRRR and it was a fantastic experience. Thank you again team! God bless you all.
Post: Rehab Loan Programs
- Eastover NC
- Posts 46
- Votes 15
Team, I will be closing on a property next week. The property needs about $30K in rehab. I am a contractor with 12 years of experience doing flips and rehabs. Well, three weeks ago, while on a job, my tool truck was stolen and to my surprise, it was NOT insured. Anyway, I had $30K set aside for the rehab but, I had to use half of it to replace the trailer and all the tools. Now, I am short and need a short-term loan for $50K. Are there any programs that can help? Thanks!
Post: Experiences/Advices on Section 8 Housing
- Eastover NC
- Posts 46
- Votes 15
Team, God willing, I will be closing on a property next week. I am thinking about Section 8 as a course of action. Any experiences or advice on taking the Section 8 route? Thanks