24 Years Old - Closing On First Property - On To The Next MFH!

[Jimmy Deringer]

Hi everyone, this is my first post on this amazing site! I've learned everything I know involving real estate investing from Bigger Pockets. Especially the Bigger Pockets Podcast with @Brandon Turner and @Joshua Dorkin, which I highly recommended. I've listened to close to 10,000 miles worth of that podcast in my car.  

I'm currently closing on my first duplex in Spokane, Washington. I'll be buying another distressed small multifamily property within 2 months, repair it over the winter and have it leased this coming spring/summer.

I went to the University of Minnesota and received a degree in Construction Management knowing that I wanted to get into real estate investing. I waited until I knew enough about investing, to reduce my risk, before I pulled the trigger and made my first purchase.

I'm taking massive action to acquire properties over the next 5-6 years and take advantage of the low interest rates. You can always find a good deal on a property no matter the market cycle, but it's hard find loans with an interest rate as low as 3%

I work for a contractor and have the knowledge and experience to get the property repaired, what I'm looking for is someone to partner with or work with on the next property with the initial capital.

I'm speaking with a hard money lender about financing the purchase and construction. For the hard money / rehab I'm looking for 80% funding on the purchase and 100% of construction. If you have any recommendations of hard money lenders, I'm interested in hearing!

After the property is repaired, we will refinance to an investment loan and either hold the property if it fits within the vision or sell it to another lucky investor.

If you're interested check out my profile and if our goals align, send me a message. I'd love to hear from you and potentially meet up with some local investors to talk real estate.

Thanks!