All Forum Posts by: Maria Luna
Maria Luna has started 38 posts and replied 175 times.
Post: Background checks for new tenant
- Rental Property Investor
- Altamonte Springs, FL
- Posts 185
- Votes 97
Post: Background checks for new tenant
- Rental Property Investor
- Altamonte Springs, FL
- Posts 185
- Votes 97
Post: Background checks for new tenant
- Rental Property Investor
- Altamonte Springs, FL
- Posts 185
- Votes 97
Post: Tax deed sales investment
- Rental Property Investor
- Altamonte Springs, FL
- Posts 185
- Votes 97
Post: Tax deed sales investment
- Rental Property Investor
- Altamonte Springs, FL
- Posts 185
- Votes 97
Post: Advise on tax deed sales investment
- Rental Property Investor
- Altamonte Springs, FL
- Posts 185
- Votes 97
Post: New to bigger pockets, from Washington state.
- Rental Property Investor
- Altamonte Springs, FL
- Posts 185
- Votes 97
Hello Corby, thank you. I really appreciate your advice. You are right I don’t have the money to pay cash for a multifamily. I have money for a down payment. But since I’m not working currently, because I’m in school full time, no bank is going to give me a loan obviously. Somebody suggested I get a co-signer for a share of the equity or the cash flow. What do you recommend I do in this situation? I really don’t want to wait another year until I’m done with school to get a job and start investing.
Post: New to bigger pockets, from Washington state.
- Rental Property Investor
- Altamonte Springs, FL
- Posts 185
- Votes 97
Originally posted by @Corby Goade:
Welcome and congrats on the investments! In my mind, the best way to take the next step (assuming you don't have cash to buy a multi outright) is to consolidate and leverage your equity, moving that in to a bigger purchase. In order to do that, you need a good amount of equity, a history of being a successful landlord and most likely, a good paying W2 job. You might want to start by interviewing several lenders in your area- find one that is creative and open to ideas and who can help you set the pieces in place to get an approval on your next purchase. Best of luck!
Post: New to bigger pockets, from Washington state.
- Rental Property Investor
- Altamonte Springs, FL
- Posts 185
- Votes 97
Hello Andrew, thank you so much for your advice.
Post: New to bigger pockets, from Washington state.
- Rental Property Investor
- Altamonte Springs, FL
- Posts 185
- Votes 97
Originally posted by @Andrew Kerr:
Hi @Maria Luna welcome to BP. Congrats on already owning 2 properties, that is more than probably 80% of the population in the US!
If you want to get into multifamily, look at buying a 2-4 unit, and doing a house hack. Rent your current home, and buy the multi and leave in one unit. You can get preferred financing as it would be your primary residence. Then it can also lower your housing costs, which gives you the ability to save more money for future investments.