All Forum Posts by: Antoine Martel

Stacy.

This is great news and its never too late to get started. Welcome to BP. Reach out if you think I can be of any help to you!

Most of these sites have fake or bad lists. I would recommend curating the list yourself and save your $.

30-35% is normal. That is a good amount of expenses. 

Anita. Welcome to BP! Congrats!

Do you have a local realtor who can come up with a CMA for the property?

IMO it is pretty negative. This is because you have that mortgage payment which the bank will look at now that you have to pay and cover every month. There are many banks you can use to get loans for investment properties. Hard money is for people who want to fix and flip properties. What kind of deals are you looking to do?

YES. This is a marketing tactic that we do all the time and its amazing. Send out as many as you can. 

Scott.

Maybe you're going after the wrong product type. Have you thought about investing in a different product type in a different location?

Here is what I would do. Buy a rental property with all cash. Collect the rents on it. Wait 6 months or a year until you have 2 solid years of w-2 income and then do a cash out refinance. With $80k you could almost buy 2 properties as well so that would generate some great income probably around $400/property/mo so $800/mo of free cash flow. And you're in Tennessee so Memphis has a ton of these and we do business in Memphis right now. 

The app does not let you do this. You're going to need to do it through the computer.