Just Joined and Hopefully less than 90 days til first purchase.

[Daniel Clem]

Hello everyone,

I have a request for advice on a property but will first introduce myself. If the property advice should be made a separate topic please tell me.

My name is Daniel, and I am 27 years old. I have zero first hand experience in real estate, but have a few friends that do rentals currently, but don't focus enough on them to really make it a serious business and cash flow. So I do talk with them about their experiences, but am trying to learn from their mistakes to avoid repeating them. I have contemplated going into rentals but being unemployed since 2010, living with parents doing odd jobs and part time different places to get by and still save cash. I am currently full time employed at essentially a factory for 7 months now, at $10 an hour, and from word around the place, won't go above $15. That made me become more motivated to get into rentals now that FHA loans will be possible. I have found a credit union that has unofficially agreed based on my income, credit, ect, to lend to me at 3% down and about 4.1 percent interest. Just need to do the paperwork.

So praying to be able to find the right path and grow in the areas personally and financially to make this a serious form of cash flow, perhaps one day be full time.

Thank you and God Bless all your businesses and endeavors.