All Forum Posts by: Marquis Byrd

@Jimmy Rivera I have not used them but I few years ago I too went to their meetup. They’re legit, one downside about them is you must occupy the property as long as you have the mortgage through them. So I don’t know if you plan on living in your rental but if not I’d suggest you consider other options.

I’ve been on Bigger Pockets for a bit now and I don’t here much on Vacation Rentals. What are your thoughts on it? I’m new to investing and I’ve been thinking about my first property being a Vacation Rental in Orlando. A property manager I spoke with out there says they can have it rented out at least 35 weeks out of the 52. Should I go this route as a first timer or do something closer to home and rent out to a tenant? The cash flow from the rental weekly will definitely be more than the cash flow from landlord/ tenant renting. Which is why I don’t get why I don’t see more stories on it. Please give me your input.

@Nurzhan Abenov if you don’t mind sharing how were you able to get on those wholesalers email/ texting notifications? I also live in Northern VA and I’m trying to get my foot in the door.

I ran across this property that has the potential to be a really good investment but the ENTIRE house has an extremely bad mold issue and it needs major repairs. The property is in foreclosure and ARV is $555,000. The bank wants from what I’m reading $437,000. Please give me your thoughts and what you think I should try to offer the bank. I plan on going the hard money lender route. This would be my first property.

@Matt K. Primary house meaning I can’t rent it?

I’m ready to dive into my first investment, my only problem is I don’t have the funds to put down 25 percent for a convential mortgage. I see FHA loans only require 3.5 percent which is a lot closer to what I can do right now. I wanted to know is getting a FHA loan is something I can do with my intent being flipping. Are there any restrictions on it? Do I have to hold the house for a certain period of time?

I’m new to Real Estste and though I know a bit, its not nearly enough. I really would like to see a deal go down. I’d like to be able to just see someone with experience in action. I don’t have much to offer but I’m willing to assist in any way possible so I’m not just mooching. I live in the DMV area ( DC, Maryland, Virginia). If anyone is willing to let me get a hands on learning experience on a deal that’d be great.