All Forum Posts by: Jonathan Perez

Funny, I was JUST about to put up a post similar to this. I'm looking to take action this year as well. I feel like I let fear stop me from taking action in 2015. I almost dived in December but then I ended up procrastinating and making excuses. This year, none of that is going to happen. I'm going to FORCE myself to move forward no matter how anxious I get. Strategically of course. But so, I want to invest in multifamily. I also want to property manage in the meantime while I continue to save money and learn, possibly have my own property management company. I can manage my own properties as well. 1) So my first action step is to get my real estate license. I am scheduled to start on the 27th of this month ( next week ) to start my classes. Afterwards, I'll look to see who I can work for so I can start picking up new skills and actually learn how the business works. 2) At the same time, I'm working on getting my credit score up to 700. Now action step number 1 is already in motion I just have to show up. Number 2 is in motion as well. But I did come across a multifamily home that seems interesting. I'm meeting up with the agent on Tuesday to get more information. If it is a good deal, and I can afford it, I may just pull the trigger and buy it...

I would like to know as well. As far as I'm concerned though, there aren't any. You would be able to use the FHA one time and you must live in it. Then after that it would have to be conventional or private money. But I would like to hear answers from others.

Yeah, the keyword alerts are great! Get that set up, and also read through the forums on your spare time, by reading other people's questions and reading what others have answered you can learn a lot! I know I have. Welcome to the site though, you've been blessed.

It's great. I swear, I hated the old version. It really sucked, lol, not throwing shade but c'mon. This newly updated version is amazing. I love the colors, the functions, and the easy navigation it provides. Thanks for who ever it was that designed it. I love it!

Hey Patrick. I'm originally from Springfield, MA if you have any idea where that's at. It's not too far from Hartford, CT. I moved to Columbia, SC in 2012. I'll tell you it's much much cheaper down here in SC than up there. I'd say hell yeah, invest here. Go on Zillow and do a quick comparison on prices and supply & demand. Wish you well. Enjoy the holidays.

I'm in a similar situation. I've been approved for 100k and have about 4K for a down payment. I've decide however to renew the lease at the current home I'm renting from because I want to get to at least 10k saved up before I buy my first one. I'll have a better idea of what side of town I would like to buy in and plus, my credit will be even better than what it is now. Wish you well though! Would like to know how it goes for you. Enjoy the holidays.

@Raphael Cuthbertson you meant, it is impossible NOT to find a deal, right? I just fear moving from here to there and having it end being low in supply.

Supply and demand

Appreciation 

Prices

Schools

Crime rates

What do you guys think?

Welcome to the site! It is definitely a blessing to have. I'm also in South Carolina and it is nice to see others from here posting. I stay in Columbia, feel free to reach out! 

Wish you well.

So my current situation is this. My current lease is up by the end of December. I'm currently staying with my mom and little sister.

Now, I have about a month and a half before I move out. I was going to rent a 1 bedroom apartment for myself. But I figured if I could buy instead of rent, why not buy?  My mom starts telling me about what am I going to do when things break, or if unforeseen issues pop up? And I don't really have an answer to that which makes me question, what would I do? All I have going in would just be my down payment.  

So, with just enough money for a down payment to get in the duplex. Would it be smart to move in with the intention of renting out the other unit and continue saving money or should I just continue to rent and save money?

I feel like I can easily get into a duplex and continue saving and putting away money for unexpected issues that arise later (assuming the property is in good condition, and I should be alright, long as I factor out the possible expenses. What're your thoughts?