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Updated about 5 years ago on . Most recent reply
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Where to go from here
I am 22 now, I dropped out of college simply because I don’t believe in the student loans and knew I could do big things without it and always had an eye on real estate.
I started up my own contracting LLC as I have a construction background of about 5 years from concrete to roofing and everything in-between. I have a crew of 3 guys now.
I have a credit score of about 760 and $20k in liquidity that I’m trying to invest.
I had my sights on a deal but found it to be a little difficult to partner with a HML as it would be my first investment for a flip.
I've looked over the option of possibly doing a live and flip/buy and hold to rent out the property and pull out sweat equity to invest in another deal. Would a FHA 203k loan be good for this investment? (Property numbers are in my previous post) Or should I simply hold off on investing until I build up more capital? Canton Ohio market.
My question is, in my position, what would be your move to succeed in real estate and get the ball rolling?
Most Popular Reply
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@Remington Lyman
I worked full time during college and it’s been a little over two years since I left. I wouldn’t have a problem getting the house under another name as well to ensure everything runs smoothly