Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

2
Posts
0
Votes
Raul J. Bello
0
Votes |
2
Posts

18 year old possible first investment

Raul J. Bello
Posted

Im living in Puerto Rico, where market is real different from the rest of the U.S. . Construction is totally different, most houses are made of concrete, meaning repair costs and expectations for a property are also different (cheaper or expensive'r) 

So cutting to the chase, if literally have got 2 single family houses that I see as potential deals, one literally the house the next door, and the other one literally across the street. I live in a B neighborhood and most houses are ranging from C to B, but these two are looking C minus or even D. No one has been living on them for at least 3 years minimum each. They do have owners, but they don't live on them, nor look interested in investing on them. Houses in my neighborhood go around for 100k in normal condition, meaning no major repairs nor nothing to exotic or special. I think the owners would be highly motivated to take real lowball offers, since they aren't making any use on these. Rents range from 500-800 depending on the house condition. 

I aint got money for this obviously, so I'd have to come across with some private money, which I don't think it would be so much of a problem since my parents fully support my decisions.

Should I go for it, and what tips and recommendations can I get. I know I can come up with a solid plan, but I'd like insight and opinions.

Loading replies...