All Forum Posts by: Teri Kelsey

I have several questions. First a little about my situation. My credit is fair, upper 680 but my problem is I have low income coming in and very little savings. So I have thought about house hacking. Would lenders count the income coming from the property?  Would you recommend doing wholesaling? I am eager to get start. But not sure best way to go. Any information would be appreciated

Thank you for such a warm welcome..looking forward to learning. I hope to meet personally the people that are in my local area. I do plan on attending my local REAPS meetings.

Thank you @Ben Andrews  Yes I have read the ultimate beginners guide and read everyday posts that have helped a lot. I will check into the book you recommended.

Thank you @Grant Greene I will be taking your advice and finding a local mortgage/financial professional. I do need to figure a plan and follow it. 

Hi my name is Teri ( Theresa) Kelsey, My goal here on BP is to build my knowledge on  different aspects of being a real estate investor.  I am looking forward to meeting people with the same interests and goals.  Any advice on how to get started in this business would be greatly appreciated. 

Thank you @Brett K. and @Russ Brantley

I appreciate your responses.  I will need to work on getting financing set up before trying to make another offer.  

Hi, I am new to biggerpockets and to real estate investing. I tried to make an offer on a house and the real estate agent said I needed to get a pre-approved letter from a lender to even be able to put an offer in. Being that I didn't have much money for a down payment.  I wasn't able to make an offer. Is this a normal reguirement ?  If it is, how am I suppose to finance with private lenders or hard money lenders?  Any help would be greatly appreciated. Thanks