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All Forum Posts by: Brandon Young

Brandon Young has started 2 posts and replied 8 times.

Originally posted by @Aqil Dharamsey:

Hey Brandon it’s nice to hear that you are looking to break away from the routine and become financially free. Well seller financing is out there but very few really are decent enough to even consider. Have you thought about maybe partnering with someone who has cash and you can do the work and share the profits. Start with some fix and flips to raise some capital to actually get into buy and hold. Good luck!

 Thanks for the reply.

Yes I have considered. How can I find a partner for this though? I could bring a little money to the table as well so I have something in the game. 

And Thank you all for all the replies!
 

Thanks Mark! 

I'd love to find some wholesaling deals to get the money for a down payment sooner. I gotta get out of this rat race. I can't stand the 9-5 anymore. It's killing me inside man. Anyone have any advice for wholesaling in Rochester? 

Originally posted by @Mark Updegraff:

Beware seller financing w low down, it is usually garbage.   Your best bet is to save up enough to finance your first deal.  

Thank you for the advice. So save up for an actual loan like FHA/Other you mean, Mark?

Looking to have my first duplex rental property in Rochester and surrounding areas. I have little earnest money to put down at the moment but if anyone has a seller financing deal with low down that would be great.

Post: New Future Investor in Making

Brandon YoungPosted
  • Rochester, NY
  • Posts 8
  • Votes 2

After looking into wholesaling I'm very excited to get started. It seems as though the hardest part is finding the motivated sellers. 

Post: New Future Investor in Making

Brandon YoungPosted
  • Rochester, NY
  • Posts 8
  • Votes 2

How about an FHA loan with 3.5% down on a 100k duplex? Would that be a good route on the side of wholesaling?

Post: New Future Investor in Making

Brandon YoungPosted
  • Rochester, NY
  • Posts 8
  • Votes 2

@Nathan Platter

Thank you, man. I appreciate it.

Post: New Future Investor in Making

Brandon YoungPosted
  • Rochester, NY
  • Posts 8
  • Votes 2

Hello kind people of the BiggerPockets Network! I'm Brandon.

I just joined today and am at the very beginning of my Real Estate career. In fact, it hasn't even begun yet. I'm not here because I expect to make thousands overnight. I'm here to learn about living the Real Estate life.

About me:

I'm in a serious relationship and together we bring in $3200 a month, we have $1600 in all debts each month, leaving us with $1600/mo to save. We are starting this savings plan next month (Jan'18) since I just got employed and we are now able to do so. 

I have so much passion in the "why" for becoming a Real Estate investor and I am here in need of some help. I am reading about Real Estate most of the day just about everyday (lot of downtime in call center work.)

I'm 25 years old, my household income is $3200 a month with $1600 in debts, I have a credit score that scares me, and I don't know what I'm doing. I am determined to figure it out either way; the hard way or the easy way. I will do whatever it takes to make this happen. 

So comes to the point of my post I suppose,

I'm looking for people who may be willing to provide general advice in the forums, who have experience- Maybe given my situation you would know what your first move would be and you can advise me. I am gathering lots of information, but still don't have the know how to: construct a deal (let alone find one!,) find buyers, whether or not I need financing or not, or more importantly- what my first property should be or what type of property and how to construct it I should say.

Thanks for the time in reading, even if you cannot reply.

I appreciate it all very much.

Enjoy your day!

-Brandon Young.