All Forum Posts by: Account Closed

At 22, I would focus on paying off personal debt and getting you w-2 income and savings up. If you can save up to 100-200k, (or have family with that kind of coin), you can really BRRR in your area. I used FHA to buy a duplex, sold it a yr later to make an extra 40k, bought a SFR and owner financed next (10% down cash flowing 400 a month via subject-to), and got to 100k fairly quickly. 1-2 yrs. That initial sacrifice and savings will get your business off to a great start.... Goodluck.

@Michael Zuber Very possible! First Step: Get the EDUCATION, and network. 99/100 people don’t have spending problems, we have income problems. Once my wife and I understood that we both started to find ways to advance and grow our income while maintaining our passions: Healthcare and RE. Within two years we doubles our incomes and started to invest etc. So yes... very possible!

@Greg Grant as soon as I saw the title I thought, “hope it didn’t buy turnkey and put down 20%” Then I read that you bought a fixer upper! Great move and find a portfolio lender

Looking for referrals fot banking and credit union recomendations in Portland/Beaverton/Tillamook/Astoria area’s! Any referrals are appreciated

@Abner Gomez Make sure you open up all of your lines of credit before you quit your job. I.e Home Depot, Lowes, Unsecured credit cards. Try to get an extra 50-75k in lines of credit. You should be good to go then.

@Angela Holmes here is a thought—- owner finance some land and build a spec home, or even duplex with your uncle. The Best Learning expierence for sure!

@Jacob Allweil refinance them individual fannie mae 30 yr’s. Stay away from commercial if you can.

@Eric Lundstrom hold them to the contract they signed. Trust me.

@Joseph Janarski tell them to go “stuff” themselves. I always laugh when lawyer’s send those kind of petty letters over SFR propertie’s. Law School loans need to get paid I guess.

@Justin Petrides easy. Hell no.