All Forum Posts by: Trevor Bragg

@Kumar Gaurav My only experience is between San Francisco and Arizona.

San Fran has a heavily increasing homeless problem with rising taxes plus its super expensive.

Arizona is increasing population by the day because thousands of people are leaving California to move there.

There are deals everywhere, but AZ seems to be appreciating through the roof without an end in sight.

@John S Lewis Google maps the home

Hi BP!

I am a 21 year old who is about to graduate college to become a High School teacher. I hope to be a Real Estate investor for life through rental properties, but I have no cash and little credit history. I am going to have two months of no job, no school, nothing. I want to get started in Real Estate rather than go out and get a minimum wage job for two months. I’m wondering if you guys have any ideas for what I can spend my time doing? I am constantly learning more about Real Estate daily through books, podcasts, and BP.

Is something like Wholesaling a good idea for me? Are there internships that could be beneficial?

I do want to make money. I don’t only want to be mentored or do a paid mentorship, since I will need cash at that point to begin to have capitol to buy a property in the future. I don’t need to make a ton, but I want to get hands on experience while making money.

Any ideas or tips will be super beneficial!

Thanks in advance!

@Melanie Johnston

Thanks Melanie!

I just requested to join his groups. He sounds like the exact person I need to come in contact with. It is always great to see people wanting to help others like it sounds like Pace is doing!

Hello BiggerPockets!

I am about to graduate College along with my fiancé. We are getting married in June, and we are looking for a place to live in Arizona. We are looking mostly in Northern Phoenix around the 17 and 101. I have been looking at doing a live-and-flip, but I have recently heard of Subject To investing. It sounds like the perfect fit for our situation since we have a lack of funds and credit history.

First, does anyone have experience of this in Arizona? Do the laws and strategies change by state?

My bigger question right now would be how to find lead sources. This is my first property, so I don’t have the funds to do direct mail. I am willing to do the work and research necessary, but I don’t fully know where or how to work. How have you found your Subject To deals?

I have a very brief understand of the concept, so if anyone is able to walk me through a property that you have done with a Subject To that would be very helpful. Also, if you have any resources or books with this strategy, I would love to hear about them!

Thanks!

Hello,

I am new to investing in real estate, and I have recently had a desire to start looking for Duplexes or triplexes in Arizona — more specifically Phoenix and Glendale. How would I go about finding those? Does anyone know specific areas or streets that have them? Where can you find them also? I know that you can search for them on MLS sites, but very few come up in all of the Metro area especially under 350k.

Thank you,

Trevor

@Nicholas Lohr

Thank you Nicholas! That was very insightful.

Hello,

I have heard so many things about BRRR investing, and it is something I hope to do in the near future. I am brand new to Real Estate, and I don't fully understand what the Hard Money Lender loans in the process. Do they only loan the down payment? Or do they buy the entire property and they are the loan? Do they typically pay for the rehab costs as well? How does the interest rates work? Does the interest begin right away or after a certain period?

I know that's a lot of questions, so maybe if someone was able to break down a deal and what the HML does in the process would be awesome. I'm sure it changes for different lenders, but what is the normal rates and things paid for are my main questions.

Thank you!

Trevor Bragg

Hello BP!

I am a big fan of the podcast, and now I have recently joined the app and forums! I am a 21 year old student in college who is about to get married in June. My future wife and I have only minimal jobs averaging about a combined $600 a month since we are in school, but we would really prefer to buy a house rather than rent. We don't expect anything nice. I would love to do the BRRRR method except that I would live in it for a year until we have enough to move out, rent it, and refinance it. I will be a teacher starting in January of 2021 while she will be a nurse starting in June of this year. The problem is that we both live on our college campus right now as we wait to graduate, so we would have to start renting come June unless we can find a way to qualify for a loan. Renting for a year is not what we would like to do since we almost see it as throwing away money rather than investing it. My dad is willing to co-sign the loan because of our lack of income and credit history, but it does not seem that we can find anyone that will give us a loan despite his great credit score and income.

We have 12k saved up, and my wife will have a high-paying job come June. Our predicament is that we can’t find a lender who will trust that our future incomes are worthy of the loan. Any advice for how we could possibly get a loan without a steady income yet?