All Forum Posts by: Brayan Ocho

Alex Deacon thanks for the feedback Alex! What would you recommend my next step be?

Hello, my name is Brayan, I'm 19 years old, and I just bought my first property. I purchased a 1 bedroom house that has been totally overhauled. The inside is basically new. New shingles and siding as well. It has an oversized back yard. The list price was 63,000 and I purchased it for 60,000 plus the owner had to install a central air system. My plans for this property is to live in it for a few years, then convert it into a rental. I work for a property management company and I asked my boss what this house would rent for and she said 650-600/month easily. My mortgage, property tax, and insurance costs for the home are $450/month combined. I want some opinions on the deal I made. Do you think it was a good first deal and what can I do better for next time?

I will continue to educate myself. I work for a property management company making pretty decent money. I do the maintenance and repairs on the properties we manage and also flip houses. My boss told me we were going to be getting into building new houses as well in the future. I'm also a member of the Air National Guard and that's my part time job. I signed up for the REIA last night. I will continue to save my money and hopefully buy an investment property in the future. Thanks for the great advice!

Hello, my question today is how to know when there's a good deal that will bring profit and how to get the finances to purchase it. I'm 19 years old, only have 4K saved, but i really want to invest in properties to either flip or rent them out. My dad says I'm too young yet to get into investing in real estate, from a professional standpoint, is that true? I listen to the bigger pockets podcasts all day while I'm at work and I've also read the rich dad poor dad book which really motivated me to get started. Even though I don't have the finances I still check Craigslist and Trulia daily looking for good deals. Like right now I saw this deal which includes a 4-plex and 3 bedroom home for 160k. If i had the money I'd like to say I'd flip the 3br house and sell it and then like in one of the units in the 4-plex while I rent out the other. I don't want to say I can't do it. That's why I'd rather ask for advice from an investor on how I can achieve purchasing something like that or any good deal out there. I'd really appreciate anyone's advice. I just feel stuck at the moment, like I can't really do anything to pursue my goal because of my age of financial situation. Thank you for you time.

Hello, this is my first time ever posting on a forum. I'm 19 years old almost 20 and It's always been my goal to invest in real estate. From rental homes, to flipping houses, and also new construction. I currently work for a property management company and I do repairs on rental properties or house flips. I do a wide range of different tasks, from drywall, painting, concrete, a bit of plumbing and so on. I know that knowing how to do these repairs will help me. My question is, how do people start the whole investment process? I'm not rich but I make decent money and also have good credit. If anyone could give me any tips on how to get started, who to talk to, or anything that would help me start investing, it would be greatly appreciated. Thank you for your time.