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Updated almost 5 years ago on . Most recent reply

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22
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13
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Patrick Gledhill
13
Votes |
22
Posts

Rookie Investor Looking to Make First Deal

Patrick Gledhill
Posted

Hello Patrick 37 from Denver here. Looking to get started with my first deal. I began my Journey a few months ago when Rich Dad Poor Dad opened my eyes. I have also read David Greene's BRRR book as well as his Long Distance REI book. I feel like I am now beginning to have a grip on the basics, and want to apply them. I am a project manager for a construction company, I build water treatment plants during the day. So the contractor part is going to be my strong point. My goal is to buy my first investment property in Fort Myers Florida. And have it as a cashflowing rental. I probably won't qualify for a loan because i just bought my first house in Denver. I am regularly saving weekly but it will not amount to a downpayment anytime soon. I am thinking that I should start with a few flips to get some capital going... I would rather just get my first buy and hold right away. Looking back, I wish I knew what I know now when I was 18. AH WELL! Time to get started.

Patrick 

Most Popular Reply

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572
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421
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Stetson Miller
  • Real Estate Broker
  • Fort Myers, FL
421
Votes |
572
Posts
Stetson Miller
  • Real Estate Broker
  • Fort Myers, FL
Replied

@Patrick Gledhill Have you spoken to a lender about your purchasing power after your home purchase? You may be pleasantly surprised, but I would say it's definitely worth a conversation with them before pursuing any other routes that require significantly more work. Either way, let me know if you have any questions about the area, and I would be happy to help!

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Stetson Miller Realtor
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