All Forum Posts by: Alan Zilberman

Congratulations on your entrepreneurial success and for your interest in real estate investing at a young age! It's great to see you taking action and exploring opportunities to grow your wealth.

As a college student with a small business and $75,000 in liquid funds, you are in a unique position to start investing in real estate. However, it's important to do your due diligence and thoroughly research any potential investment opportunities, especially when it comes to working with Section 8 tenants and properties.

Regarding financing, it may be challenging to qualify for a traditional mortgage without tax returns, but there are other options available, such as private money lenders or hard money lenders. You could also consider using seller financing or lease-to-own agreements to purchase properties.

Thank you for giving me some ideas about hard money and private money lenders. Where would I go about finding them? I'm also interested in DSCR loans which are 1-2 points higher than conventional and have a prepayment penalty. The only thing I'm worried about is if the fed starts cutting interest rates and I'm stuck unable to refi for 3-5 years it would put me in a bad spot.

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New York City, New York

Hey everyone! New here. Been readings lots of forum posts and finally ready get started. I’m 19 years old, second year at college. I have 75,000 liquid I’ve been saving from my small business and I want to purchase some section 8 single family homes. I’m looking for a mentor or someone who can advise me on financing especially since I have no tax returns. I am filing my first year as an S corp but lenders won’t qualify this. Open to any and all feedback. Kind regards,

Alan

1 Vote

New York City, New York

All Forum Posts by: Alan Zilberman

Alan Zilberman has started 1 posts and replied 2 times.

Post: Question from a 19 year old investor

Post: Question from a 19 year old investor