All Forum Posts by: Alex Palladino

@George W. Paying my savings like it’s a bill is actually a great idea. Thank you for that! I know it’s going to take time so that’s why I was concerned with even having the finances to keep the property afloat until it got rented out. But yes. Building my savings first will definitely help that. Thank you for your advice!

@Anthony Martinez okay yes. Patience is key. Thank you so much for your help!

@Jim K. I will definitely check out their money podcast. Thank you so much!

@Jonathan Steiger yes. Ideally, all the money I make from my second job will go to savings. I’m not really a huge shopper, majority of my money goes to food and bills so figuring out where I can cut back in those areas I’m sure will help a lot. Thank you for the advice! It really helps!

Hey everyone, hope y’all are doing well! So I finished the Ultimate Beginners Guide by bigger pockets, I’ve read a few other books from other investors and have accomplished my first networking event. After doing all this, I’ve realized how much further away I really am from starting my investment journey. I feel like I need personalized advice from love, successful investors. So I don’t qualify to get a loan because of my credit, I don’t have money saved for a down payment and if I did even get a loan, I wouldn’t have the money to make the payments for the investment property until it got rented out. I think my only options are to get a second job, save up money for a down payment and to pay the loan all while working on my credit. Is this my only option? Does anyone have any other suggestions, ideas or paths I could try? Thank you for your guys time. I really appreciate everything I’ve learned from you guys and also bigger pockets!

@Matthew Konsmo thank you for that little boost of confidence! Everett seems to be a great place to check out so I will do so. Thank you for your help!

@Michael Haas great recommendation for the pre approval first and for most, I will also check out the Everett area. Thank you for your help!

@Morgan Jones that is great to hear, thank you so much!

@Aaron Nelson that’s amazing to hear! Listening to the rapid growth of Seattle area, it will most likely continue which will be great for the market! Thank you so much for this information!

@Brendan Harrison I will definitely check out house hacking, thank you for that recommendation! Would buying a duplex and renting out the other half be profitable like having roommates? To be honest, my fiancé and I are a little reserved with sharing our home as we’ve Done it twice before and it wasn’t the greatest experience lol