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All Forum Posts by: Astante James

Astante James has started 1 posts and replied 4 times.

Post: How to start?

Astante JamesPosted
  • Posts 4
  • Votes 2
Quote from @Andrew Freed:

@Astante James - Become a real estate agent! It is synergistic with the activities that you currently do. You already interact with investors, buyers, and sellers on a normal basis due to your job hence you probably already have clients in your network that you are unaware of. Once you become an agent, focus this commission on providing capital towards your downpayments and don't spend it on anything else. The great thing about being an agent is you get large sums at once hence it is way easier to save than a normal hourly wage. Leverage this savings into a househack on a multifamily. I understand you had a bad experience, however with the right team, househacks are pretty straight forward. Best of luck! 

I never thought about that. I guess I was staying away from more formal school and spending until I can gain some traction. However I can see how this approach would be beneficial. Thank you for the help!

Post: How to start?

Astante JamesPosted
  • Posts 4
  • Votes 2

That is solid advice ... Thank you for your insight 

Post: How to start?

Astante JamesPosted
  • Posts 4
  • Votes 2

Hi All,

I've been on the sidelines watching the game for far too long. I started out as an electrician apprentice so I never had the capital, I tried to do my own multi-family FHA and got scammed out of all the little money I had for closing. Now Im back at the drawing board and over my fears, however I need the capital. Working as a handyman gets me thr connections for later in the game when I'm ready for the BRRRR, but not the money I'll need a not fast enough. I have been doing my research about wholesale and feel that is my best option. I'm not sure where to start. I've been looking at "ugly" houses and trying to find the leads but I feel like I'm just spinning my wheels. Any advice? I'd greatly appreciate any insight. Thanks guys.

Post: Multi family investing

Astante JamesPosted
  • Posts 4
  • Votes 2
Quote from @Jason Wray:

Jaudon,

You FHA 3.5% or Fannie Mae 5% down for any 2-4 Unit Primary home. You can also use a DPA program if you do not plan on selling or refinancing the home right away. Renters are easy to find just have to Vet them and in many cases you can find them prior to closing.


 Hi Jason,

I'm just starting out and Im just absorbing all the information I can.. would you explain more about the DPA program? Thanks in advance