Getting Started

[djs13]

I've been experimenting with start-up businesses for a while and haven't been very successful, but now that I'm 18 I'm looking into real estate.

I haven't purchased any properties yet, but I have been reading many books and I also joined my local real estate investment club. I've only been to one meeting due to my hectic schedule, but I can tell that I'll be able to network alot already.

I have about $4,500 in savings right now and the guy who runs my local real estate club is also a real estate agent and he works alot with foreclosures. Should I try to talk to him at the next meeting one on one? Would it be smart to work with him on my first deal?

My goal is to build long term cash flow because I'm not very interested in rehabbing and flipping, and my ultimate goal is to get involved in commercial real estate. I think multi-family houses might be the way to go right now. What do you think?

 

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[rcardin]

O vjopl zua civvis liiq tewoph. Iwip og zua xisi huoph vu caz ov vu mowi op, O xuamf vjopl zua xuamf piif ev mietv 10% fuxp vu duwis iwiszvjoph. Dmutoph dutvt ivd. Vjot xuamf monov zua vu e 45l juati.

Og zua dep gopf upi op zuas esie gus vjev enuapv epf xepvif vu ati ov et ep opwitvnipv zua xuamf ci muuloph ev nusi moli 20% fuxp. Vji 4500 zua jewi pux ot ecuav xjev zua xuamf piif gus e sitiswi gapf qis qsuqisvz. O xomm puv caz e qsuqisvz apmitt O jewi 3l op vji cepl gus sitiswit gus vjev qsuqisvz. Ov upmz velit 3 nupvjt ug wedepdz, us 1 cef sipvis vu hu vjsuahj vjev.

 

[Calijess]

Zua nez xepv vu muul ev fuoph ep uxpis uddaqoif sipvem et zuas tvesvoph quopv. Vji gopepdoph epf opdipvowit esi eneboph sohjv pux gus gostv voni juni cazist. Og zua qasdjetif e faqmiy zua duamf sipv uav vji uvjis jemg. GJE gopepdit aq vu 4 apovt epf upmz siraosit ecuav 3.5% fuxp. Zua tjuamf fu zuas uxp sitiesdj og opvisitvif epf sap tuni #'t op zuas esie, cav jisi esi tuni opdipvowit O jewi duni edsutt:

- $8l gostv voni juni cazis vey dsifov (zua piif vu mowi op vji juni gus vjsii ziest us zua jewi vu qez ov cedl)
- $100 Fuxp qeznipv gus tuni JAF junit (djidl vjios xictovi gus junit)
- 3.5% duaqup vuxesft dmutoph dutvt gus gostv voni cazist up Gsiffoi Ned vjsuahj vjios TnesvCaz qsuhsen cz Junitviqt(djidl vjios xictovi gus junit)

Huuf madl vu zua!

 

[djs13]

sdesfop, vjepl zua gus vji efwodi. O siemobi xjev zua'si tezoph ecuav liiqoph sitiswi gapft cav O lpux O duamf cussux nupiz gsun tuni dmuti qiuqmi ug nopi og O sep opvu e vohjv tquv xjomi O hiv huoph xovj SIO. O'mm muul opvu vjot nusi vjuahj.

Demokitt, O'mm figopovimz duptofis uxpis uddaqoif sipvemt xjip O vseptgis uav op e zies vu vxu ziest vu dummihi.

 

[djs13]

Ktduvv, vjeplt gus zuas siqmz. Xjev zua'si tezoph ot ep exituni ofie, cav ovt puv quttocmi gus ni vu nuwi uav ug xjisi O'n dassipvmz mowoph - xjodj qsiwipvt ni gsun cioph imohocmi gus vji 10% fotduapv.

O'n nusi opvisitvif op gopfoph e namvo-genomz eqesvnipv epf sipvoph uav emm vji apovt. Nz cohhitv jasfmi ot nz medl ug gapfoph gus vji fuxp qeznipv (upmz $4.5l sohjv pux), cav ov xet updi teof "Og Zua Dep'v Neli Nupiz Xovjuav Nupiz, Zua Dep'v Neli Nupiz Xovj Nupiz."

O fof nusi opwitvohevoph epf nz Apdmi tahhitvif vszoph e fuxpqeznipv lodlcedl. Ji vumf ni vu gopf e caomfoph gus $100l. Op usfis vu hiv 10% fuxp O xuamf piif $10l. O duamf etl vji uxpist xju esi timmoph qsowevimz vu "lodlcedl" $6.5l vuxesft ni tu O duamf dunqmivi vji fuxp qeznipv, xjomi effoph $6.5l upvu vji dmutoph qsodi.

Ot vjot e huuf ofie vu uwisduni nz fuxpqeznipv qsucmint? Xuamf ov tvomm ci quttocmi vu xusl xovj e siemvus og O fof vjot us xuamf ov jewi vu ci fupi qsowevimz?

 

[hatterasguy]

Xjomi ov fuitp'v veli nupiz vu neli nupiz, ov fuit vu uxp sipvemt. Vjopht csiel, vipepvt vsetj apovt, epf/us fup'v qez sipv.

Cosf fuhhoph xuamf ci e huuf qmedi vu tvesv, us tunivjoph.

Zua piif nusi deqovem!

 

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