All Forum Posts by: Jacob Beemer

I will check that out Joe! thanks!

Darrin thanks! I will look into Cincinnati REIA!

Thanks Mike! I will come back to you if I need any more help!

Hi everyone I haven't been on here in awhile. I am still pretty new to all this. Lets get right to it. My goal is to buy a house by the end of the year. I am thinking around October-December. I am trying to buy and flip a home and either sell it or rent it out. I am looking to buy a house from 35k to 55k. My other goal is to save 10k for the house I buy. My question is what should I use the 10k for? I know its not a lot to work with but its a start. Should I put 10k down on the house? Or should I get a loan for the house and put 10k of work into the house. I am in the Cincinnati area and there are a fair amount of homes the fix up. I am also looking into Dayton area.  Any help would be appreciated! Thanks!

@Curt Davis 

Thanks for the information! That really helps! I also forgot to mention that this would be my first time doing any of this. So I know private lenders would be nervous getting into business with someone new and young.

So I was told the best way to borrow money is from a private lender. That person told me that if I was flipping homes to pay back the private lender in a lump sum after selling it. I was wondering what everyone elses plan was to pay off a private lender. Whats the common and best way?

Also what if the private lender gave me money for a rental property? Would I pay him/her back once I start getting cashflow? Thanks!

UC Blue Ash. Im going to do general studies first semester then transfer to business.

Thanks!

You sound like my dad haha. But I always wanted to get a degree. But like you said if I do find something now then school will wait. Thanks for your input !

Hi everyone! My name is Jacob and I am new to the site. I got sucked into this world of real estate about a year ago. I dont own anything yet but very interested in it. And of course because of the money. But also it would be better than a 9-5 job. I am going to school for business this fall and hopefully learn more about real estate and how it works. But since I found out this website I might as well learn now! So anyway my question. I wanted to get into the rental properties. I would like to get apartments and homes. But with no money like that, its gonna be impossible to get my hands on one. So how do I get a apartment with no funds? I was told by someone I met to get with a private investor. Now how would that work? Would the investor buy the apartment/house then I make the improvements then rent it out? Again I am new to this and here to learn and make some connections. Thank you so much!