All Forum Posts by: Rhonda Cruz

Hi @Dustin Alyea and welcome. I'm also new to REI and BP. There are a lot of great people here who are willing to answer questions. I wish you success in this endeavor.

Thank you @Mark S.  I will definitely keep you in mind.  We are still trying to decide where we want to invest but DFW area is on our list.  I appreciate your offer of assistance.

Ha! No kidding!

@Chris Mason that made me laugh. I really figured no one would loan on such a low number. But it's always good to verify. I have a lot of newbie questions and suspect I will ask more than one that will have those with experience rolling their eyes. :).  Thank you, I value your input!

@Darren Eady thank you for your reply!  I had a suspicion that was the case.  Yes, please send me the information.  Much appreciated!

Hi, I 'm looking at a SFR for a first rental property. I was running numbers and trying to get an idea about APR on a 15 year loan with 30% down. The purchase price is $48,500. The calculator kept returning "no product available". Is there a minimum that a lender will not go under when doing financing? For under $50k does it need to be a cash only deal? Thanks for any input!

@Drew Fein attending a Denver meeting is on my list. I will definitely introduce myself and look forward to meeting you. 

@Gina McKee thanks for the advice. I am still in the discovery phase and haven't decided where to invest but I have hesitations about out of state investing that mirror what you've said. I plan to attend the Erie meeting in April. Would love to meet you there. If you consider attending let me know and I'll look for you. 

@Curtis Roddy thank you for the welcome and offer of assistance.  I will be reading through the BP beginners guide for a second time.  A lot of good information there and I love the podcasts.  I just upgraded to Pro last night after the webinar (which was fantastic! Thank you @Brandon Turner!) and now I have even more great information to watch, listen to, and read. I'm going to be very busy for a while!  I will certainly keep you in mind regarding distressed properties.  The idea of investing in distressed properties at this beginning stage is honestly a bit frightening. But then again, I don't know much yet and am open to all possibilities. 

Hi @Mindy Jensen I look forward to meeting you in April!

@Paul Ballew very nice job and congratulations!  The house looks great. Having lived in Longmont until recently I have an idea of where this is and you have definitely improved the neighborhood. I wish you continued success and thanks for sharing your story!  It inspires us newbies. 

Hi @Shawn Boltin, welcome to the community. I am also new to real estate investing and BiggerPockets. The information available and support from others is amazing. I look forward to hearing how things go for you as you get started since I'm also learning. Good luck!

@Peter Brach thanks for the great advice.  I completely agree about partnering with someone you trust.  This site will be a wonderful way to get to know other people who are doing what I want to do and hopefully build some relationships.  I am interested in learning about ways to invest passively versus owning rental properties, etc.

@Dan Mackin thank you for the invite.  I will most definitely be attending a meeting.  I look forward to meeting you and other investors in our area.