All Forum Posts by: Taylor Uhls

And those properties I found are about 2 hours away from where I live which sucks

Are these # before the 50% rule?

@Corby Goade that is what I've been thinking on for a good while now. Banks will do FHA on 60,000?

I have thought a lot about moving equity to use as a down payment for another property, the thing is I'm 22 and I don't own any property, what about these hard money lenders? @Corby Goade @David Dachtera

I have a few properties in mind as of now one is just for 30,000 it's a multi family it brings 650 a month has two tenants already there I ran the numbers and it comes out right at 100$ per unit after mortgage and 50% rule. Found another for 60,000, triplex, 1350 month, ran the numbers and its roughly 125$ per unit my thing is I don't know where I would get the 12,000

Thanks again @David Dachtera My question is the same as Bradley's being new and inexperienced how would you go about finding a partner.  What kind of real estate investing are you most active in? I'm want to buy and rent, lease to own then sublease, or possibly finance by owner. Is this a good start? How would you or did you start when you invested in your first property. Thanks for any feedback it is undoubtedly appreciated.

Also thank you @Bradley Gregg for those great questions

Thanks @Russell Brazil

I like that thinking @David Dachtera could you further elaborate see I was thinking maybe I could get another loan to put for a down payment to get the larger loan. Am I on the right path or is there some other way I could get this down payment?

Thanks for responding

Hello my Names Taylor and I'm trying to gain as much knowledge as possible. I've been reading about investing with no money down and no credit and I really haven't found the answer to my question. How can I get a loan with decent credit (720-740) but with no down payment? Is it possible?

Thank you guys its much appreciate, I have a question. If I have bad credit and not much money what are my options? Could I get a family member with good credit to Co-sign for me a loan or perhaps facilitate the loan for me?

What does LTV mean

Thanks in advance

My name is Taylor and I come from a small family. My family has worked and slaved in factories all their lives and have amounted little to nothing. I'm looking for all the knowledge I can get about real estate because I have always wanted to be a service to someone else and what better way to be a service than provide people with homes at a reasonable price. Just thought I would introduce myself, feel free to shoot any information my way to help me get started on my journey, it would be much appreciated!