All Forum Posts by: Mehran K.

There's going to be up front mortgage insurance premiums to pay since you're bringing so little down to the table as far as a down payment. 

FHA basically requires a property not to have any major plumbing, wiring, electrical, structural or foundation issues. This is a good thing to protect a normal home buyer. But some times those kind of properties with problems are good for investors to snatch up. That won't be happening with a normal FHA loan.

One other thing that comes to mind is: Since you're making such a low down payment, you'll have to have enough income to qualify for a loan amount of 96.5% of the purchase price.

No guru/mentor course can teach you the way that experience has! Thank you for sharing Ed!

Welcome to BiggerPockets @Phil Oduse! Thanks for introducing yourself to the community. Looking forward to watching you kickstart your investing career! 

Hope to see more of you around the site :)

Welcome to BiggerPockets @Toni Hill, thanks so much for your service AND for your introduction! That's a great book you're reading and I hope you it helps you accomplish your goals.

If you haven't already, be sure to check out the BiggerPockets Podcasts!

@Mike D., welcome to BiggerPockets. Try setting up some Keyword Alerts so you can be notified any time a topic that interests you is being discussed. You can setup some alerts for topics like "Jersey" and that will help with networking.

You can also use the search tool on the top right corner of the site. See you around!

Welcome to BiggerPockets @Cindy Blanco! Thanks for introducing yourself to the community. Glad you decided to be actively engaged on the forums! The community could always benefit from investors with the experience you have.

Hope to see you more around the site!

Welcome to BiggerPockets @Chameka Meadows, thanks for introducing yourself and sharing your background and goals. I definitely think you have a lot of skills that will transfer over well into your real estate investing. 

If you haven't already, be sure to check out the The BiggerPockets Ultimate Beginner's Guide

See you around the site Chameka!

Welcome to BiggerPockets @Benjamin Lewis! I would also recommend checking out the podcasts! Here's a link: BiggerPockets Podcasts

See you around the site!

Welcome to BiggerPockets @Dale Lovett!

Welcome to BiggerPockets @Ed Caldwell, thanks for your introduction! It seems like you dove in to the deep end fairly quick with your flipping business. What was your purchase criteria? How did you determine the list price after the projects were done? Just curious.