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Updated over 9 years ago on . Most recent reply

User Stats

7
Posts
3
Votes
Joseph Reeves
  • Charlotte, NC
3
Votes |
7
Posts

Beginner

Joseph Reeves
  • Charlotte, NC
Posted
Hey guys! New to the forum; but serious about it. Hopefully I can get some guidance and I didn't mess up too bad. I'm 21 years old, live in NC. I recently bought a town home about 2 weeks ago thinking of turning it into rental property down the road. Went through a first time buyers program, it's a 5/1 ARM loan(thoughts were Refi in a few years after credit history is established) Currently I have 2 roommates, so technically it is rental property as it costs $1600 with all bills included and the roommates pay $1200 total in rent so it costs me about $400 to live here. Trying to get into real estate investing, what do I need to do from here.? Any and all advice is appreciated.. Side note: credit is marginal due to credit card debt, that will all be paid off in a few months as I now have decent income (95k/yr). Only about 3 years credit history.

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