Investor · Warner Robins, GA · Member since 2015 · 1k+ posts · 490 votes
After months of frustrating exchanges between the agent, seller and I. I have finally closed on my first property. I'm 21 years old and am very excited to begin my journey into real estate.
Love it man !! Starting with the quad really speeds up your snowball effect exponentially when starting out plus starting at 21 is great, sky's the limit.
I really took to your post as we are in a similar situation. Purchased a quad as my first property several months ago. I'm not "house hacking" the property but just getting started as well with a quad. Would love to stay in touch and watch our business/investments grow while challenging and motivating each other !! the only problem is I'm 28 so you will have a few years on me when we both retire in 10 or 15 years !! ha
@Rosston Smith I've heard good things about Builldium but I think they are better if you have dozens of units. I personally use rentigo and I'm quite happy. If you don't have a lot of units (yet) it's really easy to set up with them. I think it also depends on what you are looking for... I started with them because I'm trying to rent out to younger audiences and they want to pay with CC. Best of luck! :)
Thank you for the information! Bookmarked. I appreciate it !
congrats!!! I'm trying to start myself. If I may ask, did you create a separate real estate company or just bought under your personal account?
Hey man keep grinding and get into it! Its great and will set you up for the future. I did not create a business or LLC. I purchased under my own name and I did not use an agent.
Here's an update for you guys. I've collected two months of rent so far. No problems. 2/3 tenants paid rent early, and the last one paid on time. I know all of my tenants by name and they are all very kind. I am working to maintain a professional image since I do live with them.
One keep tip for you youngsters out there: Make sure you're kind to everyone. You never know who you may meet and need later in life. It turns out that one of my tenants is best friends with one of my friends father's. They all know each other. If I was a 'deck' to my friend growing up, and he complained to his father, his father could've shared it with my current tenant and I could easily have had a problem on my hands.