First time Rental Buyer

[Dean Halpin]

Hi everyone! My name is Dean Halpin and i'm currently a wholesaler/investor in the El Paso area, and i'm looking to buy my first ever rental property, but would definitely need some assistance in the process. Pace Morby is the guy i look up to the most when it comes to creative financing, and i was wondering if i could meet up, or hop on the phone with somebody who knows the game pretty well to grab some advice. 

-I'd rather not go the traditional route with buying just because my W2 isn't exactly the most stable and i'm a full time college student. Any advice would help, thanks!

[Stephanie P.]

Quote from @Dean Halpin:

Hi everyone! My name is Dean Halpin and i'm currently a wholesaler/investor in the El Paso area, and i'm looking to buy my first ever rental property, but would definitely need some assistance in the process. Pace Morby is the guy i look up to the most when it comes to creative financing, and i was wondering if i could meet up, or hop on the phone with somebody who knows the game pretty well to grab some advice. 

-I'd rather not go the traditional route with buying just because my W2 isn't exactly the most stable and i'm a full time college student. Any advice would help, thanks!

 Lots of time to buy houses.  If credit is good and you have a ton of cash, then you should buy.  If credit is new or iffy and you don't have a ton of cash in the bank, you should not buy.

[Dean Halpin]

Quote from @Account Closed:

Quote from @Dean Halpin:

Hi everyone! My name is Dean Halpin and i'm currently a wholesaler/investor in the El Paso area, and i'm looking to buy my first ever rental property, but would definitely need some assistance in the process. Pace Morby is the guy i look up to the most when it comes to creative financing, and i was wondering if i could meet up, or hop on the phone with somebody who knows the game pretty well to grab some advice. 

-I'd rather not go the traditional route with buying just because my W2 isn't exactly the most stable and i'm a full time college student. Any advice would help, thanks!

If Pace Morby is your "go to guy" why not just join his group?

If your W2 isn't stable, how will you make the payments on the property you buy?

 Who said i wasn't involved in his social media groups? I don't have an entirely stable W2, but i have money saved up. Seems to me you don't have any advice to give.

[Dean Halpin]

Quote from @Stephanie P.:

Quote from @Dean Halpin:

Hi everyone! My name is Dean Halpin and i'm currently a wholesaler/investor in the El Paso area, and i'm looking to buy my first ever rental property, but would definitely need some assistance in the process. Pace Morby is the guy i look up to the most when it comes to creative financing, and i was wondering if i could meet up, or hop on the phone with somebody who knows the game pretty well to grab some advice. 

-I'd rather not go the traditional route with buying just because my W2 isn't exactly the most stable and i'm a full time college student. Any advice would help, thanks!

 Lots of time to buy houses.  If credit is good and you have a ton of cash, then you should buy.  If credit is new or iffy and you don't have a ton of cash in the bank, you should not buy.

 Are you familiar with the creative financing route that i mentioned? No credit is needed. My plan to purchase a home wouldn't be the traditional route. 

[Matthew Kwan]

HI Dean,

You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.

There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible. Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy. This will allow you give a reference point on how much potential rent you can receive. (Max vacated rents - your monthly mortgage payment) = +/- net cashflow. Happy to connect and assist you in your real estate investing journey.

Happy to connect if you are interested to expand your portfolio

@Albert Bui @Carlos Valencia

[Stephanie P.]

Quote from @Dean Halpin:

Quote from @Stephanie P.:

Quote from @Dean Halpin:

Hi everyone! My name is Dean Halpin and i'm currently a wholesaler/investor in the El Paso area, and i'm looking to buy my first ever rental property, but would definitely need some assistance in the process. Pace Morby is the guy i look up to the most when it comes to creative financing, and i was wondering if i could meet up, or hop on the phone with somebody who knows the game pretty well to grab some advice. 

-I'd rather not go the traditional route with buying just because my W2 isn't exactly the most stable and i'm a full time college student. Any advice would help, thanks!

 Lots of time to buy houses.  If credit is good and you have a ton of cash, then you should buy.  If credit is new or iffy and you don't have a ton of cash in the bank, you should not buy.

 Are you familiar with the creative financing route that i mentioned? No credit is needed. My plan to purchase a home wouldn't be the traditional route. 

 I'm familiar with Pace Morby.  Best of luck to you.

[Wale Lawal]

@Dean Halpin

To buy your first rental property, consider creative financing options like seller financing, subject-to-deals, lease options, private money lenders, and hard money loans. Network with experienced investors and continue learning about creative financing. Practice market research, property analysis, building a team, and starting small. Focus on high rental demand areas and use tools like BiggerPockets Rental Property Calculator.

Good luck!

[Dean Halpin]

Quote from @Wale Lawal:

@Dean Halpin

To buy your first rental property, consider creative financing options like seller financing, subject-to-deals, lease options, private money lenders, and hard money loans. Network with experienced investors and continue learning about creative financing. Practice market research, property analysis, building a team, and starting small. Focus on high rental demand areas and use tools like BiggerPockets Rental Property Calculator.

Good luck!

 I love this answer! I've been very interested in that lately. I just booked a call with you on the 22nd

[Dean Halpin]

Quote from @Account Closed:

Quote from @Dean Halpin:

Quote from @Account Closed:

Quote from @Dean Halpin:

Hi everyone! My name is Dean Halpin and i'm currently a wholesaler/investor in the El Paso area, and i'm looking to buy my first ever rental property, but would definitely need some assistance in the process. Pace Morby is the guy i look up to the most when it comes to creative financing, and i was wondering if i could meet up, or hop on the phone with somebody who knows the game pretty well to grab some advice. 

-I'd rather not go the traditional route with buying just because my W2 isn't exactly the most stable and i'm a full time college student. Any advice would help, thanks!

If Pace Morby is your "go to guy" why not just join his group?

If your W2 isn't stable, how will you make the payments on the property you buy?

 Who said i wasn't involved in his social media groups? I don't have an entirely stable W2, but i have money saved up. Seems to me you don't have any advice to give.

I have lots of advice to give, but you have to be receptive to it, which apparently isn't the case. I teach creative financing. But I'm not going to butt in on someone else's (Morby's) advice. We do things very differently. So, No offense taken.

Since you have paid for Morby's community, shouldn't you be asking him for advice?

 I'm open to hearing all perspectives, hence why i'm reaching out to different platforms and taking in as much knowledge as i can. 

[Wale Lawal]

Quote from @Dean Halpin:

Quote from @Wale Lawal:

@Dean Halpin

To buy your first rental property, consider creative financing options like seller financing, subject-to-deals, lease options, private money lenders, and hard money loans. Network with experienced investors and continue learning about creative financing. Practice market research, property analysis, building a team, and starting small. Focus on high rental demand areas and use tools like BiggerPockets Rental Property Calculator.

Good luck!

 I love this answer! I've been very interested in that lately. I just booked a call with you on the 22nd

 My pleasure! Keep learning and growing...