All Forum Posts by: Shawn Glowacz

Also, I am curious if anyone has any hard money lenders that they would recommend?

Shawn

Hi Perry,

Thank you for your response! I did not know about homestyle loans so that is definitely something to look into. I would like to work with wholesalers though and I know they are typically concerned about speed of closing. Do you think it is plausible to buy a property with a hard money loan, rehab it, and then refinance with a conventional loan when it is ready to rent?

Shawn

Hi Charles,

Thank you for your reply! As I do have W-2 income I think your suggestion of purchasing a closer to turn-key property would be a good idea. Do you think going through a wholesaler would still be best for something like that? Also, would I gain enough equity to refinance and roll into the next one? I am wanting to scale and not have all my money tied up in one property. 

Thank you!

Shawn

Hello All,

I have decided to start investing in real estate in the St. Petersburg area. I currently live near downtown and absolutely love the city. I have some funds saved up to be able to start small. From some of the research I have done it seems like a lot of people recommend doing a flip first before purchasing a buy and hold in effort to build more capital. Do you all agree with that method? Also any advice or direction you can provide is much appreciated! I have been a long time observer of the market as I often research the inventory in my spare time but am just now deciding to get my feet wet. I am new at this so I am sure I will make mistakes but would love to hear any wisdom you have to share. 

Shawn