All Forum Posts by: Javen Wilson

@Jon Kelly

I took out a loan for my car so I can’t really trade it in for something cheaper. Unless there’s something else I can do which I’m open ears. But currently I’m waiting on an interview to get an apprenticeship for an electrician so that’s one way I will be increasing my income. I also plan on making wood stuff on the side and selling it so I got a side hustle in mind. But I figured the basic answer was to decrease spending and increase income lol. I’ve just heard about some people doing it making the same amount as me which I never understood how that works

So, I believe I’ve got everything figured out on how to look for deals and how mortgages work and everything. But my main issue I’m struggling to figure out is how some people managed to afford their first house when they don’t make much money.

Cause there is utilities you have to pay, house insurance, and you also have to rehab the place. I understand rehab is a separate budget but if you don’t make much money, how do you afford all the bills? This may be simpler than I’m making it out to be but thanks in advance for the responses

@David Lee Hall, III

So, what I got out of this was that it’s possible and I need to learn a lot more terms lmao. I understood it enough to grasp the concept so that helps a lot. Thank you

@Todd Pultz

I will definitely look into working with someone. And commission doesn’t sound half bad at all

@Mason Jeffries

This is probably something that I will be doing myself for the first time. I’m not scared of doing the work, I’m not scared of going to the bank and asking for a loan or even trying to get someone to rent the room/floor. My worries though is money. I know I can make money but making enough maintain a house at the moment is nearly impossible so I will have to wait a year or two which I don’t want to. But if I want to do it right I’m going to have to wait and save the money and just gain as much knowledge as I can until I get that first property.

@Colin Merrill

I’ve been told by a couple people that wholesaling during these times is difficult if you don’t already have something established. Although I still want to learn how to do it and get Into it. I think it would be a good way to get an understanding of how a contract gets underway and how a deal gets made and everything. I just need to find someone I could watch a couple times or something just to really understand how it works.

And your examples help out a lot, my first house I purchase will be one I live in so my situation could turn out similar to yours or your friends.

@Todd Pultz

This is probably the best response I’ve gotten, thank you for the clarification! Those saying I couldn’t were just making me scratch my head questioning if they haven’t thought about private lenders before. And now that I gotten this long thread going and getting so many responses, it made me realize that the people in this community are more open to helping out so I’m going to start finding people that match the gig I’m trying to work my way up to and learn some stuff about them. I appreciate the response Todd

@Colin Reid

I was mostly trying to understand why I kept hearing that saying go around. For someone new to the game it obviously would peak your interest lol. And now that I know it's because people would get a private lender or a partner, it seems like that is something I will probably just put to the side until I get my hands on some doors of my own and have a good understanding of what I'm doing. Also, what's the pro's and con's of a VA loan? And do you need to meet certain requirements for it?

@Jack Orthman

I was wondering where your story was going but by the time I reached the third one I realized lol. But yes, that is one way to achieve property for no money but that is also a way I don’t want to get real estate/rely on that way. Morally it doesn’t seem right to try and find old people who don’t have much time and try and fiend off their assets

@Kris H.

What sort of services does someone who knows nothing provide to someone that seems to know everything they need to know and already have the resources they need? Only things I could think of is finding deals for them or checking out possible units, stuff like that except work for free you know