Quit my job at 21 years old to become a real estate investor!

[Jared Saunders]

Hello everyone! Let me start out by stating how glad I am to have finally pulled the trigger on a BP Pro membership!

The information on here and investor tools can really accelerate your business to the nest level. Honestly, I have to credit most of everything I know about real estate to BP! Outside of a handful of books that I've read , and learning a few tips from investors I know personally.

I just launched this venture in September of 2015! After about 6 months of non-stop research previous to that , creating an LLC , and writing a business plan I purchased a 3- unit building using investor cash! I then purchased another 3-Unit building March 1 2016 Turnkey.

P.S. I did all of this being 200 mi away from where I was investing!

I hope to be able to engage and contribute as much as possible , on both successes and failures that I experience! I am currently going through the purchase process on an 11 unit package deal that involves two 5-unit buildings and a single family home. A lead that came from word of mouth by telling everyone my goal! (learned on BP)

Having gone through a fair share of luckily small failures on the first deal, that provided me a wonderful learning experience. I was able to seamlessly transition the 2nd deal into immediately cash flowing $250 per unit! With a 125% ROI in the first year! 

[Jared Saunders]

Thanks! @Jean-francois Ndomb @Tristan Cortez

Thank you for the words of advice @Dmitriy Fomichenko. We include a $5,000 reserve fund for properties at or below $50,000, and also a $10,000 fund for properties in between $50,000 - $100,000. Would you recommend potentially having more? I'd like to get feedback. Thanks!