Young Investor from Florida

2 Replies

My name is Roscoe Parsley, I'm 22, and about to graduate from the University of Florida with a Bachelors in Psychology, Go Gators!  I bought my first house two years ago (got tired of renting) and rented two of the rooms in my house to pay for the mortgage and other bills.  You can say that I was bit by the real estate bug.  My dad and family have been real estate investors their entire lives, and I am looking to get my start.

My end goal is to acquire self storage facilities, be financially free, and not work for anyone else.  I enjoy working, and consider myself to have a strong work ethic; I would just rather build my own business, than build someone elses' for a salary.  I know that acquiring self storage can be difficult and require a lot of capital, so I am willing to flip houses, and acquire smaller properties to build my way up.  

@Roscoe Parsley You are better off than most because of your early start and the fact that you have family in the business.  That, and you have a game plan that makes sense.  The best course of action is to have a good support system in place that can help you streamline your operation.  Here's what I think every investor should have:

-A good realtor to find you properties, specializing in investment properties

-A good bridge lender to finance quickly

-A good crew to rehab it

-A good mortgage broker and or conventional lender to finance your end user

-Another realtor to help find you end users

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