All Forum Posts by: Account Closed

So I was wondering about the benefits of the USDA no down payment loans as a means of getting into house flipping. However, the only allow loans for houses in suburban/rural areas, with a commitment to improving the land. I wanna try and find some deals in the rural areas of New Jersey, any ideas on how to get good deals there?

https://eligibility.sc.egov.usda.gov/eligibility/w...

I really don't understand why I am stuck to using the calculators only 5 times per account. I know that it is an incentive to buy the Pro plan, but I am not in the position to spend for the pro plan. Especially when I am brand new to REI and I am no where near ready to make a deal. But I need to practice crunching numbers and seeing the big picture so I can find good deals

Are there other free substitutes  to BP's calculators? And I mean free, not "you tried it free for 3 seconds, now here is a pay wall"

So it is officially day 3 of my self study into the world of real estate investing. I still have much much to learn. But one thing that strikes out to me is that all of these examples of RE investing (flipping, wholesaling, buy&Hold, etc) all require having a down payment for a mortgage and some means of generating cash flow to pay off said mortgage. As well as more capital for expenses and building up equity.

And I am here like "wait, where am I suppose to get these tens of thousands of dollars to start off? I am just a kid with practically no money in the bank?" 

Any sort of advice would be nice, but specific advice for renting out & generating near-immediate cash flow for reinvesting & expenses would be even better.