Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

1
Posts
0
Votes
Noah Worley
0
Votes |
1
Posts

21 year old with paid off house looking to invest

Noah Worley
Posted

Hello all. I have question for some more experienced minds. To start off, I am not new to the game, my father was an experienced flipper and he figured out how to BRRR himself before YouTube was really a thing. He passed away when I was 16 and left me a paid off mobile home. Once I finish renovations it will be worth 175k bare minimum

My question: what is the best way to start from here? I thought about doing a cash out refinance and using that to buy another property that needs work. I also thought about just taking out an FHA loan (since my wife and I both have 750 credit scores) and buying a house and renting out my mobile home to cover the mortgage. Then just building equity for a while until I can move again and use another fha loan. I'm basically just getting stuck on logistics. I don't want to assume too much risk, but I also want to have at least 8 houses by the time I'm 30. I'm very passionate about real estate and I cannot wait to quit my W2 and do this full time

Looking for some like minded people who have been in the game longer than me, not just keyboard warriors. Thanks guys. 

Loading replies...