Hey all, so in previous threads i stated i was interested in real estate and Youtube. So I took the plunge. Found a broker/mentor, an agent mentor, just finished my 48 hr course, working on my 24 hr, and running numbers on a fourplex deal. I'll be listing and selling houses as my day job which I think will be very fun, minus people that waste time, haha.
I also am looking into my first duplex. I'll update here when I can but for now:
4 units, under rented by $100 bucks a unit, bad cashlow but with $100 increase in each unit it will be pretty good. Family friends wife owns it outright, haven't looked into financing yet.. not likely to owner finance but not sure yet, next step if rejected will be finding investors which will start with my broker as he is also an investor. Main problem is I don't have credit, but that's why I'm making sure the deal is all numbercrunched and clear.
It's in a great neighborhood, has a desirable 4 car garage, and has been maintained, but is still old being built in 1946, but every house in this area is old.
Still waiting to get verified numbers on the utilities and some interior pictures. Also will be making progress on my 24 hr class this week. I just got a laptop as well so I'm finally mobile, previously being stuck to a desktop.
So yeah, this will mostly serve as a log but Id be happy to discuss on it as well. Thanks all
I also am looking into my first duplex. I'll update here when I can but for now:
4 units, under rented by $100 bucks a unit, bad cashlow but with $100 increase in each unit it will be pretty good. Family friends wife owns it outright, haven't looked into financing yet.. not likely to owner finance but not sure yet, next step if rejected will be finding investors which will start with my broker as he is also an investor. Main problem is I don't have credit, but that's why I'm making sure the deal is all numbercrunched and clear.
It's in a great neighborhood, has a desirable 4 car garage, and has been maintained, but is still old being built in 1946, but every house in this area is old.
Still waiting to get verified numbers on the utilities and some interior pictures. Also will be making progress on my 24 hr class this week. I just got a laptop as well so I'm finally mobile, previously being stuck to a desktop.
So yeah, this will mostly serve as a log but Id be happy to discuss on it as well. Thanks all
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