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Updated over 6 years ago, 06/20/2018

User Stats

37
Posts
20
Votes
Nathan Boyer
  • Real Estate Agent
  • Manheim, PA
20
Votes |
37
Posts

I want to buy my first investment property at 19, learning how?

Nathan Boyer
  • Real Estate Agent
  • Manheim, PA
Posted

Hello Everyone! I am looking for a 2-4 unit in the Hershey/Hummelstown, PA area to house hack or have as a pure investment property. I am 19, interning at Slatehouse group to with my real estate license with Slatehouse Realty of Lancaster, PA. My goal is to have a property under contract within the next 6 months so I can start building equity in a property. I'm looking for advice or suggestions for finding good multi unit deals and also how to fund a purchase as a college student who doesn't work full time. I'm currently talking to a lender about an FHA loan but i'm afraid I won't qualify due to the lack of steady income. My plan right now is to try to sell a home or two as an agent and save up to make a down payment on a property through an FHA loan with my mom co-signing on the loan. Should I focus more time on finding a great deal and pitching the deal to family and friends or investors that I have met so far, OR, focus more on selling properties as an agent to save money and then look for a property that I can make the down payment on. I'm currently reading @Brandon Turner 's book on Low and No Money Down investing and it has shaken up my plans a little bit but my goal is still the same. If anyone invests in small multi family properties for buy and hold in the Hershey, Palmyra, Middletown, Hummelstown, Campbelltown, PA area, I'd love to buy you lunch or something and talk. 

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