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Updated almost 10 years ago on . Most recent reply

User Stats

2
Posts
2
Votes
Johnny Choi
  • Real Estate Investor
  • Los Angeles, CA
2
Votes |
2
Posts

New to investing in real estate

Johnny Choi
  • Real Estate Investor
  • Los Angeles, CA
Posted

Hey guys, my name is Johnny, 26 years, and live in Los Angeles, CA. I recently read rich dad poor dad and it really got me interested in investing in real estate. I don't have much money saved ($10,000) and I sit with a bad credit score of 640. I can currently save $1,500-$2,000 a month. I also have the maximum amount given on a VA Loan which I was thinking of getting multi-family home. I was wondering if anyone could give me some information, guidance, and recommend me some good books.

Should I be saving a certain amount of money before I get started or should I start with my VA Loan? Thank you for your help.

Most Popular Reply

User Stats

2
Posts
2
Votes
Johnny Choi
  • Real Estate Investor
  • Los Angeles, CA
2
Votes |
2
Posts
Johnny Choi
  • Real Estate Investor
  • Los Angeles, CA
Replied

@Race Ostler, @Joe Moore, @James Wise

Thank you guys for your welcoming words and great tips.  I will definitely look into it! It's so hard to take that first step into the real estate world. 

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