All Forum Posts by: Rosie Vidales

Hi Will, I will :-)

PP-20,000

Rehab costs probably around 25,000-30,000 depending on how much I can reign my brother in who loves remodeling...

ARV-73,000

Mortgage $45,000

Thanks!!

Hi Everybody just introducing myself as suggested by this Site. I am new REI but have always wanted to do it. I never could because I had no extra funds to invest! I am now renting my primary residence for 1 year as I live with my sister to get the "landlord" aspect in my experience as required when applying for mortgages. I have become very informed on hard-money lenders. I've also purchased a list for private money lenders.

But this business of "you don't need money or good credit" to become an investor is extremely elusive. Where and how does one do this?

As a side note I've always wanted to be a stand-up comic. I'm doing that now too.  So within this past year I have jumped into the 2 careers I have always wanted and both are tough!!t

Ok, talk to y'all later!!

Bexar is the San Antonio and surrounding areas. 

Hi Y'all thanks for taking time for reading this. Here's my situation. I have purchased my first property and am rehabbing it right now (what a PIA (saw this acronym in a post I read earlier and love it!)). I used my own $ before I learned NOT to do that and use a hard-money lender so my funds are strapped. I have just finally gotten a hard-money loan for rehab funds (hate the fact that I have to wait on draws). 

Here's the question-I will have probably 40% equity in the property. Should I hold it as a  rental or try to sell it? My thought is that if I keep it as a rental property eventually I will make a lot more money in the long run.  At some point int will become positive cash flow.

What do you savvy REI typically do?

Thanks, Ro