What's the fastest way to buy property when first starting out and little to no capital? I live in the Rockford area, about an hour to an hour and a half away from Chicago. If there's anyone out there that have any advice, shoot me a message.
Why are you so concerned about speed?
Because I'm ready to do something else. I've been studying real estate for a few months. I'm just ready for my first deal.
@Darrius Leach I'm with Joe on this one. I would slow down, continue to network, get your money up, and really start learning/ shadowing some top investors in your area.
Your first property will come soon enough and it will be a very good one if you are patient. If you are not patient you are risking really screwing some things up and buying a bad deal.
I appreciate all the advice. Wholesaling might be the best route for me. And soon enough, I'd be able to buy and hold.
Hard money lender or private cash.
Morning Darrius. Setup Rockford in keyword and it will give you a notification about anything involving Rockford which is how I came across some of your posts. We are having a networking meeting this Monday at 6pm Sams on Riverside. I would strongly advise you to attend. Nice friendly crowd from all walks of like very informative and helpful. Hope to meet you there! Here's ifo
- 06/04/18 06:00PM - 08:00PM America/Chicago SAM'S Ristorante, Pizzeria, & Banquet Hall , 6075 E Riverside Blvd Rockford, Illinois 61114
Hi Darrius , One way to start is getting a FHA loan. Find a good deal in Rockford and then put 3.5 percent down for first time buyers. There are many landlords that are trying to sell in Rockford. Do your research and save for your down payment.
Just walk into a new builder office telling them things you mentioned here. VA, FHA builder lend. No hassle.