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Updated about 12 years ago on . Most recent reply

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Adam J
  • Windham, NH
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My first real estate investment

Adam J
  • Windham, NH
Posted

im currently 21 years old and am about ready to start investing in real estate, if i keep telling myself i'm not ready i know i'll never make the move so its going to happen.

My plan is to spend under >$5,000 on a mobile home in the columbus ga area, do a few small renovations(nothing major yet) and flip it for maximum profit within 30 days of my purchase.
i have a few questions since this will be my first deal.

I've read up a bit on owner financing and im curious how that works now with the SAFE act being enforced? i know in this market owner financing would be the best way to go for selling the MH.

any other advice would be greatly appreciated, i'd like to put my money to work ASAP.. and not afraid to take some risk with it

-adam

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Brandon Turner
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
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Brandon Turner
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
Replied

Hey Adam J! Great to meet you!

I bought my first investment property at 21 so it's exciting to see you move forward. I can't say I know much about the SAFE act - but I'll do some digging.

Also - I'd definitely recommend plugging into BP as deep as you can. Throw up a cool looking picture, fill out your profile completely, check out the BiggerPockets Blog (http://www.BiggerPockets.com/renewsblog (especially the mobile home investing articles!) and keep searching the forums.

It's great to have you here! Reach out anytime :)

  • Brandon Turner
  • Podcast Guest on Show #92
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