All Forum Posts by: Jossy Mundo
Jossy Mundo has started 1 posts and replied 6 times.
Quote from @Eliott Elias:
You need education, set up 5 coffee meetings a week with investors, realtors, lenders, and wholesalers. Pick their brain and get more clarity on how you can fit in to the real estate game.
Thank you, although I only have 2000$ saved for a down payment, I will continue to save, read, and ask investors for their advice on how I can start.
Quote from @Chris Seveney:
@Jossy Mundo
You need to save a lot more funny and figure out a job that pays well and even consider a side hustle. Don’t waste time meeting people for coffee, work your tail off and save as much money as possible - buy a primary residence and then continue to save.
Thank you Chris I will keep on working hard, and continue to work smarter as well.
Quote from @Account Closed:
Quote from @Mark S.:
@Mike Hern Well, if you are good at math and can get an actuarial position when you graduate you can make a heck of a lot more than $100k a year.
@Mark S: Your Comment "if you are good at math and can get an actuarial position"
Sure, but That's too many "Ifs" for me and that wasn't what he asked.
And he wants to know how to get into real estate with no experience, no time and no money. Sounds pretty typical to me.
I've had guys ask if I could just send them deals and forget the other stuff. ;-) It would be like handing a 6 year old a shootin' iron. Just wouldn't be prudent.
His comment "I'll have less time on my hands" seems to indicate his lack of commitment to real estate and if you aren't committed "you.don't.make.nooooo.money, moolah, wampum, cash, "
Maybe he'd be betteroff getting very good grades and trying to find an actuarial position, teaching math if that doesn't work out.
Most people would not find that job particularly rewarding, trying to figure out when people will die.
I am educating myself, reading real estate investing books by biggerpockets and also working 48 hours a week before school starts. I don't appreciate your comments so please take your business elsewhere. Thanks.
Quote from @Josh Young:
@Jossy Mundo you will need to borrow money from a lender to buy a home and they will want to see your income on your tax returns to qualify. My advice is to finish school, keep saving money, don't take on any extra debt and when you start making more money as a w-2 employee after college don't change your spending habits, just keep saving. You will also need to learn how to qualify for a mortgage, so talk to lender and they will help you create a plan. Here is what I did, this might help you: https://www.biggerpockets.com/...
Thank you Josh, I like your advice. I'll keep saving, I'll keep educating myself and not take on any extra debt.
Thank you guys, I appreciate your advice. I will keep educating myself, and continue saving money until I make my situation better.
Hello everybody, my name is Jossy and I am very determined to own property. I work full-time as a server/food runner, and I am pursuing my Mathematics bachelor's degree at NJIT. I only have 1,567.32$ saved right now and 300$ worth of debt. My semester is around the corner, and I'll have less time on my hands, but I want to own a home within the next year. My question is, should I save 124$ a month for 10 years to buy my first property, or should I look for ways to obtain my first property sooner ? I am eager, but I don't want to buy a bad home, because of my ambition. Thank you.