All Forum Posts by: Vincent Keele

Hello Alex,

Nice to meet you, we are in a tuff market. It's great for appreciation, but cash is almost impossible. What states are looking into and what types of properties?

Vincent

Congratulations Cole!!!!

 Hello Venus, 

I am not in the Jacksonville area, but it’s an area I’m looking at to picking up some properties. Let’s connect and do good things up and down the 90.

Vincent

Lindsey, you're right there is a lot involved with house hacking out of state and I'll be circling back to that particular method in the near future. At the moment, I'm focusing on using a DSCR and finding a suitable location

Joseph, if you have someone in mind, I would be open with speaking with them

Thank you everyone for all the great comments and suggestions

Hello Everyone,

I'm a newbie and excited to start buying properties. I'm looking forward to learning, connecting, and building the future with you all.

Best regards!

Hello Everyone,

I am looking to purchase my first property. However, I have found that in Seattle, most investors stay away due to the stringent renting laws and the high cost of real estate. It looks like to get started, I will need to do my first deal out of state, perhaps in the Midwest or the South.

I am looking into DSCR loans, but I am being told that because I do not own my personal residence, I may not pass underwriting.

Thinking outside the box:
I started asking lenders about house hacking. Perhaps the conventional 5% down, but since I am self-employed and write everything off, I am being told that I would still need to put down 20% and provide a year's worth of bank statements to satisfy the underwriter.

My question for the community is: does anyone have any ideas on how I might structure my first deal to acquire property number one?

Thank you in advance for your suggestions.