All Forum Posts by: Eddie Mateo

Hi everyone, 

I am currently  in the process of trying to purchase my first rental property.  I have been in contact with WF bank and was told today I did not qualify for a loan because my rental history has been mostly cash and my credit score is in the 600 range. The loan agent there advised me to try a mortgage loan broker to see what they could do.  Not sure if I should take his advise or maybe rent for another year using checks? Would love some input ? 

Thank you.

Hi everyone I just wanted to shoot out my idea and see what people think about it. I have been thinking about buying my first rental property for a long time and want to focus on student rentals. I would like to occupy my properties with students who are in graduate school or more specifically some type of schooling that requires at least 3 years to obtain a degree. I figure this would omit the high turn over that comes with student rentals. I have about 11,000 saved up and am looking for a duplex/triplex or a single family home with 4+ rooms. Being that I to am a recent graduate I want to live with the renters as well. Does this sound like a good idea? Anything else I should think about?  Anyone in the area with student properties who doesn't mind sitting down with me ? Thanks for all the help. 

Hello everyone,

My name is Eddie Mateo. I just graduated in May and since then I have been working in the corporate world. Let’s just say I am tired of thinking everyday “I can’t wait till Friday”. I have been contemplating for a long time about real estate and came across this website by listening to this podcast, it has motivated me in many ways. All of my knowledge of real estate has come from reading and listening about it and I yearn to learn as much as I can. My goals are to buy my fist rental or flip in March and have 10 properties by the time I am 30. I currently reside in Philadelphia but want to get some rentals properties in small college towns. What do you guys think about this? Second, are there any network events or groups I should join for the “newbies” in the Philadelphia area that would be beneficial to me? And finally I thank you guys in advance for all the help I will be receiving and hope I could return the help in some way.

Eddie Mateo