All Forum Posts by: Murat Caliskan

Hello BP community. Just joined BiggerPockets and happy to be here. I’d like to start learning wholesale strategy to dive in to the real estate investment world. Is wholesaling still lucrative in 2020 especially in NJ, PA, CT area or over saturated already? All responses will be highly appreciated. Best.

Murat Caliskan

Hello BP community. My first post here and very excited. Any informational help will be appreciated.

Long story short. My first house with FHA bought in 2016 which is a 3 unit multifamily. And the 2nd house with %5 down conventional loan purchased in 2018. Doing Airbnb in all 3 units in first house and luckily that fully pays the mortgages in both houses. But just because we did a lot of renovations and decorating using our credit cards nothing left in them and credit scores went down drastically (mine is 620 right now). And everything I make in my regular job only pays our life expenses and the cards. So nothing's saved so far. I am really dying to quit my job and start investing in real estate knowing the potentials and desiring a more quality life with wife and 2 beautiful kids. Being in restaurant business 40 hours a week totally prevents me from that. My idea is buying another multifamily house with 2 or 3 units and running an Airbnb in it too and keep investing in real estate. I am sure that lead us to financial freedom. I wanna free the HELOC on our 1st house for downpayment but my wife is totally against it. I know it's possible to get funds from private or hard money lenders but since I'm new to this I don't have much idea how to accomplish this goal being in the situation that I'm in right now. I am really driven, wanna make it happen. And again any informational help will be highly appreciated. Looking forward to all the responses. Thank you all in advance.

Murat Caliskan.