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Updated almost 5 years ago on . Most recent reply

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Michael Morin
  • NY
6
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25
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Getting Started In Rental Properties

Michael Morin
  • NY
Posted

I am really excited about real estate and i want to get stared in buying small 1 to 2 family homes. What is the best way to get my first property. Should i work with someone and go in on a deal with another person? I’m finding it very difficult to put something together. The biggest problem

i’m having is my credit is not so great. I ran into some financial problems however i’m working it all out and i’m glad to say my score is up almost 100 points since i took control of it. Can someone help me and guide me through my first deal. I’m a really hard worker and i won’t stop till i accomplish this.

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Alex Olson
  • Real Estate Broker
  • Kansas City Metro
1,153
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Alex Olson
  • Real Estate Broker
  • Kansas City Metro
Replied

@Michael Morin My advice is to either a) save up money to buy a duplex and live in one side and rent the other. That is the best way to get started. FHA has loans that you should qualify for. If not, keep working on your credit score and keep saving. If that is not an option for you, if you have a friend or family or anyone on your linkedin network that has done it - take them out to lunch, get drinks, coffee, or whatever and do work for them for free to learn how they do it. From there,

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