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Updated over 6 years ago,
Newbie in Grove, OK - Delaware County - new start in life
Hello. I have never purchased a property. Never felt I could afford it. The idea of years of payments did not sit well.
Went to college & got a degree in Environmental Management, then all kinds of crap happened, now I live in my Jeep.
I bought a lake lot were I keep my old travel trailer which was once my home, & all my other belongings I don't need day to day.
So I've rebuilt my credit & want to try to buy rentals in the Grove, OK area, particularly in the lake community where my lot is located.
But I don't have money for down payments and it would take forever to save enough for one from my W-2 income with all the payments I have ongoing. This drudgery must end but I don;t want to leave Grove. So this seems to be the answer if I can just get the chance to start buying investment properties. If I make $2000 a month I can quite my job and focus on this full time. I have no other # in particular to reach, I just want to build and build forever so I can take care of everything and everybody. I am tired of money being the restriction on how much I can help my mother and others. I want to improve this community in the process and build some nice homes when I can afford to do so. But to start it seems I need to buy turnkeys or light cosmetic places. Is it possible to just get a big loan to kick things off?
Found Bigger Pockets in my search for information and help.