20 years old and just bought my first duplex!!!

[Andres Perez]

Ahhhhhhhhhhh.... So after 8 months of researching real estate and 2 1/2 months of physically going to look at properties I finally closed on my first duplex last week. Thank you Biggerpockets and all of you who've answered my many questions during the duration of 8 months. Im also putting things into action now to start wholesaling some deals to buy another property before the end of the year! With that being said any newbies on here. Don't get discouraged. Take the information you learn from your many resources and put them into play and you'll be just fine.

[Doug Woodville]

Thank you for the explanation @Andres Perez . That helped!

[Glenna Bryant]

Congratulations Andres  well done

[Ryan Cameron]

@Andres Perez Anytime man. Hope to hear more about your wholesaling campaign too. Remember, I'm always in the market for a deal :-)

[Thomas Anderson]

very cool. i did the same thing and it changed my life for the better!! good job.

[Christine Phipps]

wow very proud of you much more blessings

[Richard C.]

Awesome Job @Andres Perez! Were there any other requirements from your mortgage broker in terms of showing 2 years of steady employment history? tax returns/Pay stubs/w2s, credit score? Or was it mainly just showing a bank statement of 8k in reserves and that was it? Keep up the good work!

[Ramada Evans]

Congrats, I am curious did you do a upfront cash deal to get it?

[Andres Perez]

Richard Chau yes, I had to have at least a 600 credit score. Also when you get a loan they will ask for tax returns, bank statements, paystubs, and maybe some other forms.

[Andres Perez]

Ramada Evans I got a FHA mortgage on a duplex. 3.5% down.

[Rae Remer]

What is a mailing company

[Ryan Taylor]

I'd love to pick your mind about entering the wholesale side. I have been thinking about it for a few months but am interest on breaking in exactly, and where I should start my research before I begin mail campaigns, etc. 

[Ian Walsh]

Nice.  Starting young gets you ahead of the game.  Good stuff.

[Jennifer Stanley]

@Andres Perez  Congratulations!  I wish I had started at 20. Keep it up and someday we will be listening to your success story on a podcast :) 

[David Walls]

Congrats @Andres Perez! Such motivation to see investors my age, doing what I plan to do. I'm currently wholesaling and plan to house hack and start to use the BRRRR strategy within the next 2-3 years. Keep up the great work.

[James Taylor]

I wish I had done that when I was 20! Congrats!

[Sam T.]

Congrats, I remember when I turned 21 and had purchased my first duplex. I had to do a lot of the work my self and remember a lot of times skipping going with my buddies to work on my rental property. I am 37 now and have enough rental income that I can relax and pretty much do whatever I want. Stay the course and stay focused. You started young enough where you have plenty of room to grow your real estate investing business. It might not seem like it now but that hard work you do for the next 5-10 years will pay off big.

[Stephanie Knox]

@Andres Perez Congratulations! I'm trying to have an investment property by the end of this year hopefully in Delaware County also. Can I ask who you agent was and if you would recommend him/her?

[Andres Perez]

Hi Stephanie Knox I used Adam Sanders - Keller Williams.. He's also an investor hisself

[Cassandra Sifford]

Thank you for sharing your story!!!  I too am a newbie and have been researching, driving around New Castle County and staying in contact with my realtor and mortgage broker.  Not sure if I want to invest in a duplex or a flip for my 1st venture, but I can't get investing off my brain :)  Best of blessings to you in the years to come!!!!