Updated about 6 years ago on . Most recent reply
New investor - Phoenix AZ
Hello BP community! My name is Michael. I am 25 years old and new to the world of real estate investing. I own a small business, and the dedication required to start and grow my company has limited my bandwidth for other investments, but the work I do allows me to wear headphones for 8-10 hours per day. You know what that means... podcasts and e-books! I've spent the last year or so acquiring a poor-man's education to real estate investing, as well as saving meticulously for a down payment. I am now ready to pull the trigger on my first rental property! A couple things to note:
*I have saved for a down payment, but that doesn't mean I would like to make one. I am currently in the process of being pre-approved for a mortgage to see exactly how much cash is available to me via traditional methods, but I would prefer to get creative if possible. I love the idea of seller financing.
*I am focused on multi-family residences with 2-4 units.
*I love to work with my hands and have a decent working knowledge of plumbing, flooring, etc. Enough to make repairs and earn some sweat equity through minor renovations.
*My goal is to purchase my first rental before January 2020.
I look forward to making some new connections and learning from all of the experience collected in this forum. If you have any advice or would like to connect, please do not hesitate to reach out!