All Forum Posts by: Austin Shade

So I'm a young 24yr old dude who bought his first cash flowing rental property in Ohio and receiving a nice 14% ROI. I want to buy more real estate but the problem I have is my current income. I make about 75k a year from 95hrs a week. Im about to switch to a higher paying union construction job that will pay me 120k for 50hrs a week and lots of overtime is available to me. Once I get the new job I'll have the income I need to get serious and be able to buy more properties way faster but once I do I'll lose the work history and will be unable to get a standard loan. Is there any way around the 1-2yr work history requirement? Please help.

@Remington Lyman

Can you elaborate a little bit more? I would want an LLC to protect my personal assets right?

@Remington Lyman

So I have a question since I'm buying an Ohio property? So I start an LLC in California or Ohio?

@Michael P.

And I have heard of out of state investors putting down 10-15% before is that uncommon? Does it depend on the circumstances?

@Michael P.

I can go higher but I want to over spend I can go as high as a property selling for 150k-200k but why spend more if it’s not necessary so what about 120k is that more reasonable?

@Marc Rice

So this my plan I wanted to find a property in the 60k-90k range either SFH Or Duplex and use a 10-15% down payment and fly out there with my dad spend like 3 weeks renovating it and then rent it out by using a property manager. My dad fixes houses for a living so I'll save on repair costs but I don't want a long project either because it's out of state something that doesn't need more than a months worth of work but in an A or B neighborhood. Can you guys tell me if this sounds outlandish? It could be anywhere in Ohio but somewhere that will cash flow and has good tenants

Hey guys I need All Ohio residents to see this message and help me out I want to invest in a duplex out in Ohio but what are great cities and neighborhoods to look at any help would be appreciated.

So I’ve been saving for awhile now I have enough for a down payment, but there are some circumstances that is making my ability to make a decision really hard. I wish to get the help of a professional someone who has over 50 or 100 properties. I understand people’s time is extremely valuable and I know not all information is free without cost. If there are any successful real estate investors in the Southern California area, I would like to take you to your favorite restaurant and buy you lunch why I personally ask you what is the best coarse of action for me to take. I’m really serious about buying a property so serious that I’m willing to pay for expert advice to make sure I make an educated decision. I’ve read several books on investing and I’m smart enough to know there is an answer out there, But I can’t seem to fit all the pieces into my situation if interested please personally message me. I’ll drive out to your neighborhood I wont tell you to meet somewhere in the middle I don’t care. I’ll drive 4hrs away to get the help I need. My passion and drive will not allow me to give up so even if no one responds to this, I’ll still keep going and I won’t give up until I’m rich & successful.

Ok so I need a little help, I've been reading a lot of real estate books over the last 2-3 months and I've learned a lot but, one thing that I noticed that is really prominent is that every single persons situation is different. I'm struggling to understand what the best route is for me to get my first property. I have a large amount of liquid cash, a really high credit score,and 2 jobs. One I've been with for 3 years and the other job I've been with for 6 months as I'm writing this post. I've spoke with some lenders and from what I'm being told my second jobs income doesn't count because its been less than a year but my second job is what makes me more money. They are also telling me just by talking to me that I wouldn't get approved. This has been somewhat discouraging, but I refuse to let that stop me. So I'm wondering if I should avoid conventional financing and look towards more creative options. Just because I have a large sum of money I don't want that to be an excuse to get into a bad deal. Any help or commentary is appreciated. Please and Thank you!

@Justin Phillips Ok so based on the average home price of 420k-500k how much do you think I’ll need to get something locked down? When did you buy yours? Did you have a lot of competition? Any advice for a first timer?