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Updated almost 10 years ago on . Most recent reply

User Stats

49
Posts
17
Votes
Leury Pichardo
  • Real Estate Agent
  • Saddle Brook, NJ
17
Votes |
49
Posts

Newbie from New Jersey

Leury Pichardo
  • Real Estate Agent
  • Saddle Brook, NJ
Posted

Hello, everyone! 

I promise I'll try to make this introduction short! 

I found BiggerPockets from reading "The Book on Investing In Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People's Money". I'm not done yet, but enjoying the read!

One of the reasons for me buying the book was because 2 years ago my cousin's husband came to me because he needed help getting an investment property. By help I mean like getting someone else to put the house under their name until he improved his credit. So, me trying to be nice and help, I agreed.

I know what you're thinking right about now "this guy is an idiot" and regarding this specific scenario, you're right!

Fast forward 2 years and guy hasn't improved his credit, mismanaged ALL the profit from the house , security deposits , almost messed up my credit (late payment) and a bunch of drama. 

I stepped in and took over (sorta, I mean it was technically my house anyways). Now I'm on the road to learning as much as I can and turn this horrible experience to a good one. I'm only 26 so not letting this stupid decision stop me from accomplishing my goals!

Now that I got that embarrassing story out the way, I hope to learn many new things from everyone in this community!

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