All Forum Posts by: Timothy Sheets

So new I haven't even scouted my first property. I have been trying to scoop up some knowhow and understand what I should be doing before I just try to go get a house and do something with it. I hear a lot that one of the first things people recommend is to connect with local investors and try to get their friendship sometimes even mentorship before they jump in, so, anyone in Tucson want to have coffee soon? I'll buy. The coffee, that is.

Oh, and I do have steady job. I'm salary so budget is never an issue.

See, now that was helpful. I've been planning to house hack even before I knew it was an investor trick. And again with credit, I am doing everything to settle all accounts(by gods grace keeping 2 out of collections or delinquency). I will qualify as a first time buyer when I get my first house. Is Multi family my smartest search? FHA vs USDA? Any suggestions?

Well I should say that, since I'm new I don't have those connections, but I'll look into them of course. Also, as far as credit and money are concerned, I don't have much for either now and it'll be a long while before either look much better since my credit is going to require the money to fix. Bottom line for me is this, this REI game is all about using OPM. Question one: do I form an LLC FIRST, like before anything else's? Question two: how do I secure financing from a bank as an investor without money? Do I set up a NOI sheet with all the breakdowns and hope they roll with it? Still new, if the questions are rookie... just roll your eyes.

so today I resolved to begin investing in real estate. I started out positive and I'm trying to maintain that positivity.  I'm hoping to make a career out of investing in real estate so that I can achieve my dream career of actually remodeling and flipping homes you know doing all the labor involved regardless I have no money to start with my credit score should be better and is getting better I'm working on that heavily. What I need to know is where I should start I have not made a sale I do not own property and I have no prospects yet like I said today literally begin my journey so please help me