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Updated over 3 years ago on . Most recent reply

User Stats

16
Posts
11
Votes
Johann Martinez
  • New to Real Estate
  • Eastvale, CA
11
Votes |
16
Posts

Setting up and getting started

Johann Martinez
  • New to Real Estate
  • Eastvale, CA
Posted

Hello BP! My name is Johann and I'm very excited to get into this. so a little info about me, I'm 19 and live in CA, I'm saving up money for my first property, which I expect to have around 30k by the end of the year which isn't a lot but it's what I've got going for me and I don't own a car. I'm building up my credit score which as of right now is 715 and work with my father in roofing. Including taxes and expenses, I take 25k home each year. I want to get started with multifamily and build up from there, but with my current situation, I doubt I'll be able to get approved for conventional loans for these properties which will force me to be more creative about the way I'm going to fund an investment. I'm reading, listening to podcasts, and browsing the forums, but I haven't gone to any meetups which I need to start. The main problem for me would be getting networked(financing, team) and trying to narrow down my focus and solidify a business plan, but I would like to get some pointers from you guys about what I should be thinking about and what I should be worried about, am I missing something or does it sound like I have the right idea? Thanks BP

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