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All Forum Posts by: Will Schafer

Will Schafer has started 8 posts and replied 12 times.

Post: Real Estate Investing Newbie

Will SchaferPosted
  • Real Estate Agent
  • Grand Rapids, MI
  • Posts 13
  • Votes 4

Hey Mitch @mitchblade ! 

So basically I plan on purchasing a single family property, living in it for about a year while rehabing it (hopefully having roommates while doing so to cover the mortgage). Then after the year (or so), holding the property and fully renting it out. I plan on getting a mortgage and putting 10%-20% down.

Post: Real Estate Investing Newbie

Will SchaferPosted
  • Real Estate Agent
  • Grand Rapids, MI
  • Posts 13
  • Votes 4

Hey everyone,

I am totally new to the real estate investing game. I have been listening to podcasts and watching videos and studying it for about a year now and I feel I am prepared to begin making my first moves and buying my first property. I have a rough idea about how I want to start and how much money I want to have saved, but I was hoping to hear from some others about their first purchase, how much they saved before-hand, any hidden obstacles, etc..

Thanks all!