All Forum Posts by: ABRAHAM SANDOVAL

My goals are that in middle 30s I want to be a full time investor. My original plan was get around between 5 to 10 apartments paid off. So I can live with the rents. However my first deal besides my current residence was a single family house, I did this because it was kind of the same price and give me more cash flow as well appreciation of the house.

Thank you for the article I understood that is too risky for me at this time.
Do you think I should use my credit to buy a two flat and live there?
sorry too many questions

So what do you think?
Should I buy a cheap house cash with my two investors or make a 203 fha by my own in a better neighborhood ?

you right very informative also I have listened all radio shows.

Hello my name is Abraham, I'm 25 years old turning 26 in couples weeks. I've been in this beautiful country for 7 years. My nationality is Ecuadorian I finished school last year. My major is CIS, however I have been working as sales person for 4 years. I bought my first apartment 2 years ago (finance at 6.1% rate) the price was good. I thing it increase around 20k in this two years. The last year I bought a single family house (my father as a partner) in a low income neighborhood (30k), I rented (1,350) as soon it was repaired (small details). I am very happy with this deal, however I want to learn a lot from the experienced investors.
Now for my next purchase I'm wondering if I should invest in a house where I can use my credit and repair and sell the house in couples months or should I save money to buy another cheap house and rent it out.
I'm in Chicago market, which I think is increasing really quick, I have seen houses in the markets just for couple days. I'm open to learn and I will appreciate any advise .
and I would like to mention that I have two friends that want to invest some money with me. (they see me as good investor lol)
Thank you and I'm really happy because I found this web page. I think I'm gonna use bigger pockets instead of Facebook lol