All Forum Posts by: Austin Cooke

I need about a $100,000 loan but have only been on the books employed for half the year, about 20k before taxes. I don't think family and friends are an option, need suggestions.

Thanks!

@Aaron Gordy thanks Aaron

Currently renting.

@Kyle Eckert @Nathan Dehn

She is going to SLU. We already signed a one year lease at west end terrace in central west end. I would love to be able to meet up with some locals to learn the area. I know it's very much like Detroit. One street could be a good investment opportunity and just one street over could be a nightmare.

Thank you for the advice. I will be in touch come January

I have been reading the books, listening to podcasts, and trying to get myself familiar with the market. But I'm still left with this uneasy feeling that I'm not ready to buy my first property. How did you guys reach the point to "just do it"?  How long did it take you to get there and what steps did you take?

I have been doing extensive research and studying in the world of buy and hold rentals. I would love to start in Detroit since I'm kind of local (25 minutes west of downtown). However, I'm moving for 2 years in January to St. Louis with my girlfriend while she finishes grad school. Seeing as I'm a new investor should I wait until I come back to buy my first property or with a couple flights back to Detroit for holidays and possibly a few more for emergencies could I manage?

I want to be a fulltime landlord/investor as soon as possible following my return from St. Louis. This would mean permanently leaving my 9-5 job. I would love some words of encouragement. I'm super nervous about it!

Also I'm looking for a local Detroit mentor. This is one of many questions that I have and I would love to be able to bounce a couple off someone with experience.