All Forum Posts by: Vickie Corbin

I want to find and purchase a multi property.  Who are my resources in Bigger Pockets for finding those deals and who are my resources for funding/financing? 

I had a call with a company- REI Accelerator they are a 6 year old company with founders who have been involved in Purchasing/funding Multi family and have 30 + years experience. They are selling their program to mentor and help you reach that goal in 6 months (Me Calling leads from Listsource.com to find deal, Finding owners (propstream) having discussion, Sending Letters of Intent (after they have ran the deal thru an analyzer to make sure it makes $ sense, Then finding the funding/investors in their network) and then to help you stabilize and refinance and pay off the Investors/Syndication. I'm sure there is more to their program - that was my takeaway after 45minute phone call. This program is pricey $12,000 approximately. I'm now sure of how Syndication works?? I thanked him for his time and told him I had just joined Bigger Pockets and was hoping to accomplish my goals thru Bigger Pockets.

Is it possible to find funding without the normal 20% down to fund a Multi Unit property? And another question I have I'm not sure if my business is set up correctly to get those funds. Seems like they want your rental properties in an LLC. I have my LLC but have two rental properties under my name currently. I have been struggling with finding the right person to help me set up and tell me what this should look like. LLC or Ccorp? Struggling for answers and correct direction I need to head towards. Appreciate any positive feedback/direction or contact information you would like to share.

Hi everyone! Glad to be part of Bigger pockets community and hope to learn how to navigate buying my next property and how to finance it. I work a Full time job for an Insurance company and am also a Realtor for MO and KS. I currently own 2 rental properties, one of them is on Section 8 program. One of these homes is paid off - so do I use this for Heloc to help fund my deal/s? ($250,000 is value). The other rental on Section 8 program I purchased in 01/2023 and have a HELOC with about $30,000 available. My home I live in - I house hack to build extra money for investments. I am in my 60's and feel an URGENCY to move on my next couple of properties. While I am still working and have a good income. But I want to set myself up so I have a stream of Income to supplement me when I retire!

 Top Goals for the next year or two:  1.  I would like a multi unit property 2-10 - if I can figure out how to finance it and if I have enough money down for such a deal.  This property can be in Kansas city market or in the Missouri City TX or Houston TX market (as I will be living there 6 months out of the year for the next couple of years and possibly move there for retirement- My daughter and grandbabies are there!)  2.  I would like to purchase either a duplex or Single Family 4 bedroom home in Missouri City to live in.  If duplex rent one side, if 4 bedroom would househack/roomate.  3.  This is my dream Wish/Want - An AirBNB in Aruba.  4.  Purchase another stream of income I can take care of in retirement - Car Wash, Storage unit??  

Feel very indecisive in how to make all this happen and hoping to learn and get some guidance on best steps to set myself up for success and that extra income needed - so I can retire and enjoy my time. I don't want to punch the 9-5 clock!  I'm salaried so I don't but you know what I mean!  Need to find my financing first!  Appreciate you taking time to read my Intro!