All Forum Posts by: Roberto Solorio Jr.

@Sebastian Marroquin

Los Angeles, CA

Hello,

I have an FHA loan between 440k and 525k approved.

I am making my first deal! I want to get into the market

My goal is to buy a duplex or single family home with a ADU or converted garage.

I’m hoping to have money for down payment by September or October . If I buy a cheaper property between $300,000 and $400,000 I may be able to buy it in August as oppose to October.

Would you guys wait until October and buy a more expensive property $500k-$525k and purchase in October or buy a cheaper property and purchase it in August ?

Both properties would be duplex.

Thank you in advance for Your help

@Joe Villeneuve

Meaning buy a cheap property?

Fix it up

Then sell it for gains?

@Damaso Bautista

I used my money saved to pay off debt !

As a result I don’t have money saved! I should have it in 3 months but looking of ways of making it quick!!

Hello,

I was pre approved for a $500,000 to $525,000 loan here in Los Angeles, CA .

It is a FHA Loan and I will need 3.5% - $18,375.

I have $2,000 saved. I am going to work hard but any creative ways to save money or get money for Down payment ?