All Forum Posts by: Alex Tseng

Hey guys. I've been reading up a ton on REI lately and seemed to have grown a huge interest on rehabbing/flipping. Question for you... How did your first deals go? What obstacles did you run into? How did you go about getting a loan?

Hey guys thanks for keeping this thread alive. I haven't had a chance to get through the whole intro yet but right now I have been reading about wholesaling and rehabbing. I seem to have great interest in these two as it seems to be that these two are very practical to start out with in the sense that you don't need lots of money and it's a good way to gain a good reputation. I know there's more to it but I am reading! What's your input on these strategies?

Yes I've found that good credit is a huge factor in getting loans. Also, I have the luxury of living in an apartment which my family owns w/ absolutely no living expenses. I still need to finish the intro today and check back in!

Hello everyone my name is Alex. High school graduate out of Lower Merion (suburban Philadelphia area). Unlike the majority of my fellow classmates I chose the route of not going on to college. I ventured into a few options for a career and narrowed it down to insurance and real estate. Which I then narrowed down further and chose insurance. After obtaining the license and looking for jobs and researching further into that field I just can't see myself making a successful career out of it (didn't really even enjoy getting into it). I have had interest in RE for years anyway.

I have learned that BiggerPockets is an amazing resource to begin on. FREE and VERY helpful information how much better does it get?!

So far I have started the intro but I have some questions about the first chapter before I move on. I put together the stuff I could use more insight on. Any help is greatly appreciated. I will update this thread as I move on in the intro. Just trying to take it step by step so I start out on the right foot!

Chapter1 ?’s

·Investing w/ full time job…. Would be huge help if someone elaborated on these few topics:

oBuy-and-hold property with property management

oServing as a private or hard money lender

oInvesting in notes (mortgages)

Could also use some elaboration on these topics, my thoughts are bolded and if there’s nothing I am clueless lol.

oWholesaling – would really like to know more on wholesaling

oUsing partners – Simply going in on the investment with someone else?

oUsing lease option strategies

oVia FHA 3.5% down payment loans – How does this work? How good of credit?

oUsing USDA or VA no-down payment loans

oWith Home equity loans or lines of credit

oUsing private/hard money.

“Working In Real Estate Without Investing At All”
Not really understanding this concept. I understand you can learn the industry working as an agent or broker, but how does that help on the investment standpoint?