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Updated almost 8 years ago on . Most recent reply

User Stats

64
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14
Votes
Nick Peraino
  • Rental Property Investor
  • Pensacola, FL
14
Votes |
64
Posts

Broke. Excited to learn.

Nick Peraino
  • Rental Property Investor
  • Pensacola, FL
Posted

Just want to introduce myself.  I'm in Pensacola, FL. Recently hadm.y mind blown by Rich Dad Poor Dad.

My family and I have been slowly climbing out of debt, mostly due to medical bills from my Crohn's Disease. So a good credit score is paramount. 

I'm also listening to McElroy's ABCs of REI. I would like to find promising deals and present them to investors...being that I have no money. I feel this is the only way I can get in the game and become an asset holder.

I still don't know what kind of property I want to focus on. Apartment buildings are attractive for the cashflow and ROI, but 3bed 2ba also seem potentially profitable.

Anywho I'm reading the Ultimate Beginners Guide on BP.  I am also practicing valuing listings I find on Zillow using a Proforma spreadsheet.

Hello to all, thanks for this community...and I'm excited to learn!

  • Nick Peraino
  • Most Popular Reply

    User Stats

    7,695
    Posts
    7,860
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    Caleb Heimsoth
    • Rental Property Investor
    • Durham, NC
    7,860
    Votes |
    7,695
    Posts
    Caleb Heimsoth
    • Rental Property Investor
    • Durham, NC
    Replied

    As a recent beginner myself, I'd recommend starting with single family and slowing working up from there

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