All Forum Posts by: Ramin Y.

I want to hear how everyone took advantage of their FHA loan and it's 3.5% DP requirement.

* Where did you have to buy (in regards to your area) to be able to make a profit or break even?
* How many units and what condition?
* What sacrifices did you have to make ( maybe this wasn't the area you wanted to live in for a year or so!) ?
* Any other related responses are appreciated!

For the past few years I've been educating myself with my options as a potential investor. 

Today my goal is to start as a BRRRR investor and master this one niche before trying other options.

I would like to hear from experienced investors in this category. 

• What are the main challenges of the initial funding process?
• What criteria do you look for in a hard money/private money lender (Rates, Timing, Etc.) ?
• How do you approach the hard money lender to gain his trust ? 

And of course, any other advice given is highly appreciated!

I love these responses. Thank you all for the advice. I specially enjoyed Comments from @Ben Stoodley

@Ben Stoodley, @Ryland Taniguchi, and @David Thompson.  

I feel like living in NY really puts things into perspective. It's hard to believe that a 2 bedroom in Brooklyn or queens (forget Manhattan) could get any more expensive than what it is. But that's always the thought right? "It can't go any higher..." and yet it does eventually.

This is the question I have always asked myself:

Who makes money from a market crash? I guess the short answer is INVESTORS! 

Okay. but as a newbie I want to prepare myself as well a possible. I want to be in a position to be able to gobble as much real estate as possible when the market declines.

What are your thoughts? Do you ever ask yourself this question as well?

What are you doing to put yourself at an advantage point?