First purchase help

[Brantley Shattuck]

Hi everyone, I really want to be an investor. Really not sure how to go about my first purchase though. Right now I have a salary 150k and have about 30k in savings. I am able to save about 3k a month and the only debt I have is my mortgage and two cars. Suggestions please.

[Darin L.]

Hi Brantley. I was in Ranch Cucamonga for several years before it grew up into a big city and now thankfully live in Pocatello. The recent post and blog about "the first deal will change your life" are spot on. You are in a position where you can easily put 20k of 30k (keep 10k in reserve and add to it regularly via allotment and now you have your investing fund ) into a small SFR In east Idaho and make a bit of cash flow and weather any mistake by a nice salary. Doesn't matter if you make it back here or not, you will still have that property, possibly paid off when you do eventually settle down "back home." Just make your first deal on a nice place with decent numbers, and you will be on yor way to success. Message me if you want more discussion, and i will send you a few example properties.