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Updated about 4 years ago on . Most recent reply
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Rookie Investor Looking to Make First Deal
Hello Patrick 37 from Denver here. Looking to get started with my first deal. I began my Journey a few months ago when Rich Dad Poor Dad opened my eyes. I have also read David Greene's BRRR book as well as his Long Distance REI book. I feel like I am now beginning to have a grip on the basics, and want to apply them. I am a project manager for a construction company, I build water treatment plants during the day. So the contractor part is going to be my strong point. My goal is to buy my first investment property in Fort Myers Florida. And have it as a cashflowing rental. I probably won't qualify for a loan because i just bought my first house in Denver. I am regularly saving weekly but it will not amount to a downpayment anytime soon. I am thinking that I should start with a few flips to get some capital going... I would rather just get my first buy and hold right away. Looking back, I wish I knew what I know now when I was 18. AH WELL! Time to get started.
Patrick
Most Popular Reply
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@Matthew LoPiccolo @Stetson Miller @Ben Rhodin @Griffin Schermer @John Sledge @Mike Wadsley @Jeff White
All, Thanks for your input on my first BP post. I followed your advice and called my lender here in Denver, who does work across the nation apparently and invests himself. He said I could probably qualify for a 2nd home loan in the amount of 200-300k. I am amazed and surprised by this news. Time to make progress. Thanks again for all of the support.