All Forum Posts by: PeTika T.

Greetings! I used Rocket Mortgage to buy my primary residence this year and all I can say is they are awesome! They overestimated closing costs, so it was great to have to bring less money to the table at closing. I can't comment on your other questions, but I highly recommend them based on my experience. Best wishes!

For me, I have a strong desire to get started and have been educating myself while trying to align with mentors to help me start.  The biggest barriers I have are very little money down and people trying to point out everything that could go wrong instead of helping me figure out how to find solutions to do everything as right as I can.  The latter doesn't stop me, but the former is the most pressing thing.  

I have read about the many ways that I can invest with little money down, but its still scary as I am a single parent and have two little people relying on me.  On the flip, working my 9-5 is not going to get me where I want to be and I am not afraid of sacrifice or taking risks.  

I have a plan to approach a local investor with over 200 properties who has two homes in my neighborhood, one of which has been vacant for over 2 years. When I first inquired with him about it, he stated that its not on his list to rehab yet. I plan on making him an offer since I've done my research and know that it can be a great cash flow deal.  He keeps blowing me off, but I am persistent since it can't be of much value to him since it has been vacant for so long. The other property has been unoccupied for 6 months but has mold in it.  At any rate, when I secure financing, then I will make him an offer and hope he accepts. The house is worth about $30K, so if anyone has any ideas or suggestions, I'd love to hear them.  

Thanks in advance for any insight you can provide this newbie on a mission.