New Member Introduction

[Daren Miller]

Hey BP,

I am from Northeast Pennsylvania near Scranton. I am 22 years old and will be graduating from Penn State in May with a B.S. in Accounting. Also, I have $0 in student loans and I have enough cash to put down 20% on just about any property in my area. Now let's get to the important stuff:

Background:

I was turned on to real estate investing about two years ago (yes, after reading Rich Dad Poor Dad). Since then, I have been learning about real estate (and personal finance) non-stop. I would say I have always had that entrepreneurial bug in me from a young age. I began mowing neighbor's lawns when I was 13 years old and I still continue to operate a small landscaping business while in college with about 30 clients. 

Present:

I have listened to over 150 BP podcasts over the past 6 months and they have been crucial in my growth to the point where I believe I am ready to take action. I am interested in small multi-family properties at the moment. I am actively searching for and analyzing deals in my area (mostly looking for seller financing as I cannot get traditional financing). 

Short-Term Future (<1 Year):

As mentioned above, I am currently self-employed and as a result cannot qualify for traditional financing. The second I am approved for a conventional loan is when I plan to buy my first rental property (2-4 units) unless of course I can find an owner financed deal before that (I realize I have a very slim chance of finding SF due to my age and experience level, doesn't mean I'm not willing to ask!)

In all likelihood, I will have at least one rental property by the end of this year. 

Long-Term Future (5 years+):

Honestly, I have had to reevaluate my goals after listening to the BP podcast and reading so many success stories on the forums. My current goal is to have a minimum of 20 units within the next 5 years. After that, I would plan to scale up and purchase larger apartment complexes with 20-50 units each. 

Thanks for reading!