All Forum Posts by: Jerry Chamnichanh

Wow wow wow! This is a fantastic story. How is the neighborhood that the property is in? I'm living in upstate NY and am saving up for my first property. I hope I can start about 6 months from now.

Amazing work! It looks beautiful now.

Inspiration story. I hope to be going down a similar path!

Great job on the rehab. How much have you learned from the first rehab? Do you think the next will be easier?

Late to this post but wow! Awesome deal.

@Carl Fischer

Thank you! I did not know this and will learn more about it. My initial plan was to wait until I had my own property before I would think about other investment strategies. Your reply has let me know of other options.

Very nice place. Good work!

Hi all,

So I just read Scott Trench's "Set For Life" and started questioning how I should approach real estate. From what I gather, I am coming to the conclusion that I ought to take all of my extra resources and apply it to real estate. In other words, after I have paid for my necessities such as food, housing, transportation, entertainment, etc., I will take all of my savings and put it into real estate instead of into an IRA, 401(k), etc.

Now, I am still in college and have yet to get a decent paying W2 job so I am still searching for the best way to invest my future income. Does the approach of spending all of my extra income on real estate a good idea or should I diversify some income into different retirement strategies?

I know that it will take awhile before I can invest in my first property due to student loans so I feel as though I should start aggressively saving for my first property and perhaps consider another route afterward.

Hey @Dan Jensen

It was not on my radar to get familiar with landlord/tenant laws and city zoning. Thank you for bringing it to my attention. I will look further into it when I find out where I will be located.

Hey @Chuck Boody, it is so great to hear that you are doing well on your first property. It will be quite some time from now but if I end up working in the Buffalo area, I would really like to meet you to talk about real estate! Good luck on your next move.