All Forum Posts by: Asia Bethea

I'm 22 , A Mother To A 3 Year Old And Interested In REI. I Have Been For Sometime Now & I Think 2018 Will Be My Year To Finally Take The Leap! Right Now, I'm Still In The Saving Point Of This New Career & Working 2 Jobs While Building My Credit Alittle More But My Biggest Reason For Joining BP Is To Meet People With The Same Goals As Mine. I Am Interested In Buy & Holds To Start Out But Want To Do A Flip Or Two. Any Advice For Starting Out? Thanks In Advance!

Thanks for the reply @Brian Garlington . I'll keep that in mind.

Hello Everyone, 

I'm new on the Real Estate Journey and just like many newbies I have a lot of questions on where to begin. Just a little about me, I work full time at a bank, i'm 21 and i'm also new to the BP website. My current situation is that I currently rent my first ever apartment, and so far I am a GREAT tenant. But I knew for a little while now that I don't want to be a "renter" my whole life so when my lease is up ( May 2017) I want to venture out and get my first rental property. Is that possible with little experience? I want to purchase a buy and hold, multi family, and it will be owner occupied. I'm looking in the New Haven, CT area if anyone is familiar with this city. I was thinking about a possible fixer upper if I qualify for the FHA 203k loan. Should I start with a 2 or 3 family as a first timer? Preparing for my big jump, I've been working on my credit ( currently at a 614ish) and steadily jumping. Is it possible to reach a 700 or higher in a 6 month time frame? And how much savings should I have for a bank to think about lending to me, or does a steady history of savings work for me as long as I do get the money for closing costs, etc. from, say, a relative? Any advice will be greatly appreciated! Thanks in advance.

@Brett Snodgrass Thanks so very much! I appreciate the tips & will make sure to follow them. I haven't read that book yet but I will make sure to grab a copy. Thanks again.

Hello, my name is Asia B. I am brand new, starting fresh into the exciting world of Real Estate. I currently work full time as a bank teller so I spend a great time of the day studying how real estate works from a banks side of the deal. I took a few college courses on business administration, as I would like to be my own boss in the real estate world, and I have a few close contacts with some local real estate agents however that's as far as my knowledge goes. So basically i'm starting from scratch. I may also add that I currently rent my first apartment and with my lease being up in May 2017, I want to buy my first property, a multi family. Any tips on how I should get started? Anything is useful at this stage. 

Also note: My credit is steadily going up, I will be at a 700 in no time, I don't have much of a savings, but I do make small deposits bi weekly to keep a trail that I CAN save, and no huge debt ( just a small secured CC ) aside from normal household expenses/bills. Thanks in advance!