All Forum Posts by: Anibal Mijangos

Check out Meetup and Eventbrite. Both online platforms have a lot of real estate events that you could network at.

It's ultimately going to come down to what your risk tolerance is. The idea with most strategies is to get the most with as little money out of pocket as possible. That's why using special loan programs like FHA, USDA, and VA loans are so popular.

I recommend taking a look at what you currently have in disposable cash. If you qualify for an FHA or if it's something you're looking into, then see how much of a downpayment you can afford. For example, if you have $20k and do an FHA at 3.5%, that means you'd be able to get a property that's around $550k.

The ideal situation would be to own the property. Because then you can do strategies like cash out refi, brrr, heloc, and more. If you don't own the property and are just doing things like wholesaling or arbitrage, you don't get the same benefits.

I recommend learning a little form each strategy, taking a look at what each asks of you, and then seeing what's the best for you. 

 Type Affidavit and Memorandum of Agreement + your state into Google. You can download and use one of them. The ideal thing would be to get a lawyer to review the doc. But if you can typically use one of those templates on google and it should get the job done. The county clerk will tell you if they need anything else from you.

Affidavit and Memorandum of Agreement. Getting this doc submitted to your county clerk will record your intention to buy. This prevents the seller of going behind your back and selling the property to anyone else. 

Yes, both can be done at the same time. I know a wholesaling company that requires all of its team members to have a license before getting started with wholesaling. From what i've seen, having a license helps increase trust with homeowners a lot more quickly than a random "investor" reaching out to them. Also, having a license gives you access to tools that would be helpful in property research - like the MLS.

The majority of agents that I know have done an occasional wholesale deal. It's not their focus and they don't spend a lot (if any) of money or energy looking for those deals. They really only do it if it comes by their desk.

Either way, I'm waiting on the sidelines waiting for what comes next. If there is a "crash," it's going to be hunting season for people who prepped. If there isn't one, then networking and knowledge seeking continues to be the name of the game for me. Excited either way. 

Two great places to find events to go to are meetup.com and eventbrite.com. Good luck!

Definitely focus a lot of your energy on relationship building too. Your network is huge when doing real estate deals, especially the first few. People can point you in the right direction, help you out on a deal, or even get you a new deal. I recommend going on platforms like meetup and eventbrite to check out what events are going on in your local area. 

 100%. Great advice. 

Tenant-less properties are usually preferred. But they are sold all the time. You never know. 

 Investors tend to have their own preferred system for vetting tenants. Properties without tenants are always going to be preferred because the investor will get new "good" tenants (based on their vetting process) and typically at a higher rent.