All Forum Posts by: Freddy Pettiford

Hey BP, I am currently living in my first home which i bought with a VA loan about 6 months ago. I am currently interested in buying a triplex which is about 20 miles away from me. The asking price is 185,000, and all three units are occupied. I have not connected with any partners or lenders in my local area as of yet. (I have been trying to network with a few people in the area, but no luck as of yet.) I do not have any family members who could loan me the money. Could anyone give me some advice on some low money or no money down strategies that i could use to purchase this property?

@Hattie Dizmond Great explanation! Thanks for clearing that up.

Would a wholesaler learn a lot from going ahead and getting the brokers license? 

@Brandon Turner 

Thanks for the quick tip Brandon! I will deff check those articles out. 

Thanks for the advice. I have the metope app on my iPhone and i see there is a local REIA club in my area that i will attend. For a beginner would you recommend flipping houses over learning to wholesale? I am going to download that new BP book now and get to reading.

-Fredrick

Thanks for the advice Mark!

 Thanks battle, I have been here for about three years and some change now. Hopefully i can get my feet wet in real estate before i leave Bragg.

Hey BP! My name is Fredrick, I'm 23 years old and currently serve in the US Army as a Computer IT Specialist. Ive been interested in learning how to invest in real estate for a few years now. One day i was watching Youtube videos on how to invest in low income properties( Lisa Phillips) and that is how I found out about Bigger Pockets. Ever since then i have been trying to absorb as much knowledge from the forums and reading as many books as i can. I am now saving up every dollar that i can begin investing. As of now the only debt that i have is my car payment which is around $500 a month, which will be paid off in about 4 more months :) .  At that point i will just start saving that money up also to go towards real estate investing. I want to have about 5-10k saved up before i get out there so that i will at least be considered a serious buyer. Right now I'm looking more into the Buy and hold niche in the price range of 30k and below. My goal is to buy 1 property a year with a positive cashflow. 

What kind of things do you say when first meeting with a park manager? How does that conversation go when telling a park manager that you want to buy a MH in his park to make profit from. I feel like the Park Manager may be reluctant to help me if he knows that I'm their to buy and sell mobile homes rather than buy a MH to live in the park. Is this the case?

 Thanks for the response Jon. I asked because i just purchased the book and am reading the deals that where made. I am brand new to real estate investing and want to start my niche in the manufactured homes. I have a few questions, but i will make another post so that i don't change the topic of this post.