All Forum Posts by: Maritsa Cortes

Hey all!

I've found a property that I'd like to start my investment career with. It's a duplex and I'll most likely finance with an FHA or 203k depending on repairs needed. My question is... should/can I set up an LLC for my first investment or because I'm financing with an FHA, can I even setup an LLC for my first considering I'll be living in one of the units for a year?

Thanks for your help!

Any recommendations on the best FHA lender? TIA!

Hey BP community!

So, I’ve been back in the Philly area for about 3 months. I’ve been a freelance designer (Print, digital, branding, SMM, digital photography/dslr) for almost 3 years but have 5 years in-house corporate experience.

I'm trying to move away from freelance work and specifically trying to get into full, in-house work with a real estate business. I'd really like to learn REI hands on from the inside while bringing my skills to the table.

Although I’ve made a few connections, nothing too promising has come of yet. Any advice or suggestions on how to get started or where to look would be very appreciated! TIA!

@Phil G. Thanks a bunch Phil! This helps a bunch. I'll look into this :)

@Phil G. Thanks for your reply Phil! This info helps. The property will most likely need a few upgrades. Just wondering if it was best to go with the 203k right away or take out another loan for repairs after financing with an FHA?

@Larry S. Thanks for your reply Larry! I did know that a 203k is an FHA. I was just wondering if it mattered which I applied for. The property will most likely need a few upgrades.

I'm looking into FHA's and I came across an article on 203k's and how they help with repairs/updates. Does anyone know if it makes a differance to apply for one or the other when buying my first property? Thanks everyone! This community has been insanely helpful.

Hey all! I’m looking for suggestions on lenders and how to go about finding one as a newbie. TIA!

@Pablo Barrientos What are your thoughts on a conventional loan vs FHA?

@Pablo Barrientos Thanks! Looking into FHA now.