All Forum Posts by: Benjamin P.

I am 23 years old and I have 20k, how do you find off-market deals and David Greene mentioned subject to Financing where you assume the mortgage. Please Help! How do you find these

0 Votes

Atlanta, Georgia

Thanks

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Atlanta, Georgia

Hello I am a new investor at 23 years old,

I have 20k and just wondering if someone can teach me how to do BRRR, I have the capital and just need the knowledge and how to look at deals.

For example, I found worth about 80k that is a quadruplex in a a little rough area, I can cash flow that property...I just need some guidance on how to analyze deals....also is it okay to buy in a rough area to start out.....

If there is anyone out there please respond! Thanks!

0 Votes

Atlanta, Georgia

Quote from @Farley Youman:

Benjamin: The great news is that you are still young and want to learn.

Please consider the following as you come up with your 10 year plan:

-90 percent of millionaires are from real estate- not stocks. It is not because you cannot be a millionaire out of stocks- some people are wealthy from this angle. It is just that a lot of people lose from individual stocks. For most stocks, you need to have a worldwide knowledge.

To be successful in real estate, you only need to know 1 or 2 zip codes in Columbus or another city in GA and you will be set. I suggest you use around 10K to 15K to get a hard money loan set up at 100 percent funding (no money down) to renovate a property and then rent it out- but do not target making just enough to pay the mortgage. Target at least $500 above your loan amount.

Start slow Benjamin but learn. Remember my mantra- not location, location,location, but instead be cautious, cautious, cautious!

I will be glad to help you with your pursuits.

Thanks and lets connect

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Lets connect and you can find me on social media, I also send you a message and gave you my phone number as well

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ok, so like house hack for how long before I move on? Also, how long and what to do after

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Atlanta, Georgia

I WILL keep this short. I am Looking for a mentorship in the Georgia area!

I am 23 years old, me and my Dad have been investing together over the past 4 years in real-estate....we just closed on our first deal which was:

275k Home which we bought for 255k......That home is nice but does not cash flow and just pays the mortgage.

I need a strategy on how to build wealth over the next 10 years....I currently have around 40k in stocks and looking for some insight.

I am from the Columbus, GA area, and once I graduate college I will be making 44k a year.

Please answer!

Hey, I a

1 Vote

Atlanta, Georgia

Hi, All Any strategies that I can do with 20k..thanks

1 Vote

Atlanta, Georgia

I WILL keep this short.

I am 23 years old, me and my Dad have been investing together over the past 4 years in real-estate....we just closed on our first deal which was:

275k Home which we bought for 255k......That home is nice but does not cash flow and just pays the mortgage.

I need a strategy on how to build wealth over the next 10 years....I currently have around 40k in stocks and looking for some insight.

I am from the Columbus, GA area, and once I graduate college I will be making 44k a year.

Please answer!

3 Votes

All Forum Posts by: Benjamin P.

Benjamin P. has started 5 posts and replied 9 times.

Post: How to find off market deals and subject to financing???

Post: Need someone to teach me how to do BRRR

Post: Need someone to teach me how to do BRRR

Post: HELP! Need a 10 yr GAME plan and strategy as a 23 year old! New Grad! To Build wealth

Post: HELP! Need a 10 yr GAME plan and strategy as a 23 year old! New Grad! To Build wealth

Post: What to do with 20k

Post: LOOKING FOR a mentorship for a 23 year old investor

Post: What to do with 20k

Post: HELP! Need a 10 yr GAME plan and strategy as a 23 year old! New Grad! To Build wealth