All Forum Posts by: Sean Lunny

@Tim Lovell I guess it depends on your situation, your goals, and what strategy you want to use. Since I don't know what that is - I can tell you my first deal was a house-hack with a duplex. I bought in Rhode Island (Lower barrier to enter) and the numbers worked. In order for me to qualify for a FHA loan with 0% down (you can do this in Rhode Island) I had to make enough to afford the property (obviously), had to be employed by the same company for at least 2 years, had to have a solid debt to income ratio (I had already paid off all my student loans/car etc), 0 accounts in debt collections, and a decent credit score.

SO long story short - you can do this too if you get all your ducks in a row. 

I hope all that made sense lol

@John Fortes I am in the south shore area and think that is a great idea! I've connected with @Charlie MacPherson and @Steve Bracero on here as well. Lets try to set something up!!

Hey Logan,

This is an amazing idea. It sounds like you've read "Crush it" or "Crushing it" by Gary Vee. If you haven't I recommend it, because that's how we need to use todays platforms to expand our businesses. Great Idea! You can really start to sell your personal brand and get your name out there with using social media exposure.

I usually get mine direct deposited by the 15th or so. Before I went to direct deposit, a check would be mailed to me by the 15th, then 1-3 days before I got the paper check, I am pretty sure it is normal.

Good stuff. I think many of use need to hear it as it is more than we realize and not in a sugar coated way. I liked the brutal honesty of the post. Now how bout that ocean front in Zona 🤣

Kid is going to be a stud! Amazing!

I would suggest going to the REIA group and networking there. I know its an hour away but if you found 2-3 partners and started a real estate empire, would it be worth that hour drive? You could also reach out via social networking like you're doing. Check out the networking/events tab on BP and see if there's any groups on FB or another social networking platform to see if you can start a group more local to you. Good luck!

@Costel Ciocoi If you have online banking, you should be able to get your bank statements in just a few clicks. Alternatively if your employer offers it, you can download your pay stubs online (if you have a 9-5 and are able)

I would check his credit report and see if there are any issues. I would also contact his referrences immediately and see if he checks out good with them. What does your property manager think?

Welcome Nicholas Grieco I would personally pay down all the debt that you have and then from there bank as much as you possibly can there after, especially if you plan on using a conventional mortgage to buy a property. Banks look at your payment history, credit score, and debt to income ratio as some of the deciding factors on whether or not to approve you for a loan so paying or your debt, on time will help with all of that. Best of luck!