All Forum Posts by: Montez B.

Hey how you doing ! I’am 24 years old and I would like to network with real estate investors with multiple units it don’t matter if your from the US or out the US I love talking to different people with different backgrounds and different cultures and racists, I’am from flint Michigan so I’am willing to network with anybody from Michigan or out of Michigan, I just love soaking in all of y’all knowledge!! And the dos and donts I really admire and look up to all of y’all plus I want to hear your story to how y’all got into investing and what career path y’all chose, you can leave a comment under this post and I will reach out to you or you can just private message me because I really don’t know how to private message people yet 😂😂😂, again I appreciate everyone on this app and I love bigger pockets for making this platform I love talking to people that’s smarter then me and know more then me, i’am not your average young person that thinks he knows everything i’am more of a listen and learn iam forever thankful for all of you for taking the time and day to respond to me ❤️

@Joe Splitrock what if i house hack my property then wait into I have 20% in equity in the property then refinance it to conventional? How you feel about that ?

@Kevin Roth well i’am trying to start my investing journey but I don’t want to make big mistakes that will cause me to be discourage, i’am working on building on my business but I also want to build my business and real estate portfolio at the same time, I want to get into the house hacking thing but people telling me not to do it, they said I can just get a conventional loan with a lower down payment, but I heard you need 20% lol i’am looking for a 4 plex in my area 4plexs are 400,000-450,000 lmfao so you see why i’am leaning towards the house hack

@Brent Coombs thank you I appreciate it ! A lot and what would be a “bargain”? Is it another way of saying to buy a property under market value ?

@Joe Splitrock thank you I appreciate it !! And what would be other options for conventional loans down payment wise ? Like wouldn’t my interest rate be extremely high ? I have a 722 credit score ik you need a 740 to get the lowest interest rates possible, and also how long did it take you to get 10 personal loans in your name ? And what option did you take ? You put 20% down on all the properties you purchased?

@Nicole W. WOW!! I never heard of a realtor that’s also a property manager I didn’t think that was possible ! Omg what is the name of some places that’s like that?

@Kevin Roth well that’s not bad ! People told me it’s like 200$ a month lol and do you have any rental properties now? Or your just waiting ?

@Dave E. Okay thank you ! I appreciate you a lot

@Lynne Smith wait ! So I can completely eliminate my mortgage insurance if my LTV is 80% when I refinance it to conventional?? I didn't think that was possible but that can take a long time getting to 80% LTV if I only put a small amount down 😂😂💀 now I understand what your trying to say kinda

@Bruce Lynn my credit is 722 is it good enough ? and wow I didn’t thing it was possible to get an conventional loan with only 3-5% down ? What lenders do loans like that 😂😂😂 please tell me !