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Updated over 9 years ago on . Most recent reply

User Stats

29
Posts
6
Votes
Pablo Garcia
  • Investor
  • Brentwood, NY
6
Votes |
29
Posts

Advice for newbie

Pablo Garcia
  • Investor
  • Brentwood, NY
Posted

Good morning, I'm posting this to ask for advice on what I should do. I've been interested in REI since February, I've just been reading and trying to learn as much as I can but I really need to take action. My goal is to have my first deal before December 31st 11:00pm.

Ive never been much of a saver, I opened a savings account for investing purposes a few months ago and I've been adding 10% of my weekly pay check to it. I would have around $700 but I decided to get a BP pro account. So at the moment I have over $500, what would you guys do if you were me with it? Keep saving? Use it on marketing? 

My interests are mostly fix and flip but I wouldn't mind some buy and holds. I just really want to get started already. I went driving for dollar 2 weekends ago, I want to go at the recommended times during the week but I work 7-5 everyday. I also showed up one morning at home Depot before they opened as per j. Scott and there was no one there. PLEASE HELP! 

Most Popular Reply

User Stats

58
Posts
9
Votes
Christopher Griffith
  • Investor
  • Bronx NY
9
Votes |
58
Posts
Christopher Griffith
  • Investor
  • Bronx NY
Replied

Welcome to BP Pablo

What market are you in?

I see you mentioned you work 9 to 5 do you have a 401(k) or 403B that you can pull some cash from. That's how I got started I am also a new investor.

If you do I would invest in a multi family home. It's easier to get money for a multi family home.

How's your credit?

Call a mortgage broker to see what you need to get your first multi family

The multi family home will help you live free and get some cash flow so that it can save more money

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