All Forum Posts by: Timothy Walker

My girlfriend sold me her townhouse for 80. She quit claimed it to me 1yr 7 months ago, I did a refinance and paid her the 80k. Property appraised for 105k. I want to get started in Real Estate investing. I ran the numbers on the townhouse, after all bills are paid I pocket 275 monthly. I’m thinking that we should clean up her credit, put 20% down on a multi family unit ( she doesn’t want to live in a duplex, triplex, etc can’t use fha 3.5% 😕) and rent the units. We can have 2 income producing properties but she wants to put the 20% down on our home instead. If I can make them both happen ( investment property and our home ) she will be on board. Any ideas? Should we put 20% down on our home, rent the townhouse and get the experience of being a landlord to see if this is what I really wanna do? Should I sell the townhouse and use that money for the multi family investment property?

Any ideas on how to get a Heloc on a property owned free and clear with poor credit (591)? I would love to use some of the money to invest in another property and rent my current place also. Was denied by my Credit Union. Any advice will be appreciated.

My fiancé has decided to quit claim her townhouse(worth about 90k)to me. She has been trying for a Heloc but she has horrible credit,and can’t provide proof of income for the past couple years because she gets paid cash. Nobody will do anything for her. I’ve been on my job for 2yrs and I have fair credit at 616 (got about 2k in debt to pay off). I’ve been really digging into Real Estate Investing and I feel I could use this opportunity to change our lives. If you as a rookie investor knew what you know today, how would you take advantage of this situation?

Thanks J.M.M.

Hello everyone. I’ve talked my fiancé into getting a Heloc on her property that she owns free and clear so we can use it to buy an investment property. The thing is that she has terrible credit and mine is fair, the low end of 600 but I’m working on it. Any ideas on how to get a Heloc done in this situation? Can my income and credit be used?

Hello Brayton. I’m a newbie in real estate investing and have been following BP for a few months now. Looking to make my own deal happen pretty soon. Anyways, I wanna thank you for your post. Getting a chance to see the information in your post opened my eyes to a few things I was missing.

Great job Ben.

Thank you both.

Hello guys. I’m Timothy and I’m a fresh fish too when it comes to Real Estate Investing but I know it’s what I wanna do. I’ve been a member for a few months and I’ve been poring over information and it’s kinda overwhelming. Any invites to meet ups would be greatly appreciated. I’m looking to buy and hold. Oh yeah, how do I post my profile picture?😁

Hello everyone. Timothy Walker here, and I’m looking to become a buy and hold real estate investor. I’ve been a BP member for a few months, haven’t been active though because I’m not the type to ask for help or advice....I’m a sociable person just not very social. Haven’t gotten very far on my own so I’m looking to make new friends in my area or online that are likeminded. If you’re in the Phoenix area and wouldn’t mind sharing some ideas give me ring and we could talk over lunch or something.