First Investment Property bought at age 22!!

[Cody Dover]

I'm ecstatic to finally say my partner and I overcame the analysis paralysis and signed off on our first investment property. Signing day couldn't have come at a better time. Trump gets inaugurated as president of the United States and we sign off at an early age for a rental that cash flows on day 1, what a coincidence!

This goes to show and maybe enlighten others who are on the ropes about getting started is just doing it. Taking action can become a  powerful thing when done correctly. Age isn't involved when it comes to investing, just wish I started a few years earlier.  I wanted to let the other new people on here know this is all doable and it feels amazing to get one under your belt after only been in the "game" for 3 months.

Hope nothing but the success of others and glad to be playing the game now with all the other investors.

Cheers!!

[Cody Dover]

@Aaron Jernigan

Aaron,

Thanks for reaching out! It was a combination of many things. Books, the BP podcast, and what by far helped me the most was networking. Any event that goes on at our local monthly REIA meeting I'm there and putting myself in front of as many people as I can. Gained a lot of connections and advice from people who are in the direction I'm trying to head.

I ended up spending about $16k on a course from Rich Dad, Poor Dad but looking back that was a mistake. (Now it did kickstart us and got us in gear) However, I learned more by networking and reading different real estate books.

I found a commercial lender that required 15% down. That came through connections from the bank I work at. My note is only $215 a month and rent rolls in at $600. Pretty good first investment I believe barring any risk. (And yes we are prepared for the unexpected).

As for advice, I'm no expert at all, but staying persistent and give your 100% in whatever you start you finish. I cant stress about networking enough. You will not get where you want to be alone. Also have a few bank accounts which money is automatically transferred come every payday. More specifically accounts you are not going to touch.

Hopes this helps and it will come to you if you don't give up.

Good luck!