All Forum Posts by: Dan Losh

David Oldenburg so say I get a loan for 75,000$. If I get it at 3.5% with 1 point, that means I have to pay 750$ upfront to get that loan? And 3.5% would be the interest earned on that loan? 2625$ would be the amount Id be basically paying by the end of the 30 years from the interest? sorry about all the questions :) just figuring it out haha

David Oldenburg good stuff, one question, what does it mean "points" on loans? And 10% rate on what? How did that work?

Derek Tyler what do you mean by working with someone and learning off of them? What kind of jobs would that be? I have been debating to just go and get my real estate license for now to start off and learn, do you think it's necessary?

Elizabeth Colegrove thanks for the comment:) and I will definitely check out the podcast

David Oldenburg feels good to know someone as young as me had started at this age. How did your first year of investing look about? What were your main problems/worries? And how did you manage to buy your first house at 19 (hard lenders, savings, down payment?) and lastly what did you end up doing with your first home

Any suggestions as to how to build my career while im this young still? Of course other than reading all I can and sticking around BP, how can I physically start prepping myself to begin this game?

Im wondering how the REI world looks upon younger adults when it comes to starting out. For example, im an 18 year old, but very knowledgable. I have a feeling that if I do begin this career as early as I am, then of course I will be successful at a young age, but I fear that my age will make people unserious towards me, esp hard money lenders, sellers, etc. Any opinions?