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Updated almost 4 years ago on . Most recent reply

User Stats

4
Posts
1
Votes
Juan Rajo
  • Rental Property Investor
  • Kingston, PA
1
Votes |
4
Posts

Trying to land my first deal

Juan Rajo
  • Rental Property Investor
  • Kingston, PA
Posted

Hello everyone I'm new to the page but have been listening to BiggerPockets for a while. I'm 26 years old looking to get my first deal. I researched a lot and figured it's finally time to get my feet wet. I just want some advice, I've been planning to buy a multi family this year. I have been working on my credentials. I want advice on my game plan to see if I'm in the right direction and to get some insight. I have been working on my credit score it was a 420 now it's a 600. I have about $8000 in cash and a six year job record with the same company that provides steady income. I was going to look into house hacking to get my first property and use my FHA loan I'm working on getting preapproved first. With that credit score of 600 & $8000 as a down payment and steady income as my credentials does it seem like I'm ready? Or is there something I'm missing? Also willing to use at 8k with a partner if someone already has a deal as well. New to the field. by the way my goal is to have at least 15 properties by the age of 40.

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