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Updated about 8 years ago on . Most recent reply

User Stats

65
Posts
14
Votes
Darian Richardson
  • Flipper/Rehabber
  • Atlanta, Ga
14
Votes |
65
Posts

Seeking Direction in the First steps of the Buying Process

Darian Richardson
  • Flipper/Rehabber
  • Atlanta, Ga
Posted

Hello to all readers, my name is Darian Richardson a 23 year old recent college graduate, graduated May 2016. I am currently in the planning stages of the buying process. Which is, in my eyes just saving enough money for a down payment of a FHA loan ($5,500- $6,000), and house hunting through the common website such as Zillow and Trulia. For some reason, I have a gut feeling that I am messing something or at least should be doing something proactively other than reading BiggerPockets guides and real estate material before getting pre-approved in March.I am holding off to hire a realtor until the end of February closer to the time I plan to start my approval process.

I plan to house hack my first property and live in the property for long as 3-5 years with roommates to bring in steady cash flow.The property I would like to invest in would be 4 bedroom 3-3.5 bathroom, with a price range not exceeding 120k.

Is there any suggestions you would recommend to me or any type of insight that I should know please do not hesitate to spread the knowledge to a young hungry mind like mine.

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