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All Forum Posts by: Brian Wolf

Brian Wolf has started 15 posts and replied 24 times.

Post: Newbie: Could impending recession doom a first deal?

Brian WolfPosted
  • Rental Property Investor
  • Pitman, NJ
  • Posts 24
  • Votes 15

@Michele Wax / All - Thank you for the response and feedback!  appreciate bluntness so no worries. I think my question may not be asking what I really wanted it to. I absolutely understand the risks involved with this and investing in general. My concern is do I buy a property now or do I wait for a discounted market where I'm able to go buy 2 or maybe 3 properties with the similar amounts of capital therefor providing a kickstart, mitigate risks through lower costs, lower interest rates, more cash flowing properties and set myself on a greater initial trajectory to scale faster. 

Post: Newbie: Could impending recession doom a first deal?

Brian WolfPosted
  • Rental Property Investor
  • Pitman, NJ
  • Posts 24
  • Votes 15

Hello All,

Im a newbie and trying to plan, learn and research so that I'm ready when the capital and opportunity arise for my first deal. Part of me wants to dive in and start finding ways (loans/partnerships) to stretch my limited capital while looking for my first deal. I've heard lots of investors only regret not starting soon enough or not going hard enough and don't want to fall into the bucket of "never starters".  On the other hand, Im worried that limited capital, no experience and an impending recession could create the perfect storm to sink a newbie like myself for good. Are my concerns valid? Should I start now so I'm warmed up and ready to hit the ground running coming recession time? Should I just save, learn and prep so I can clean up when the recession hits?

P.S. Currently a renter and had the initial thought to look to house hack a duplex/triplex so I can get a low downpayment on an FHA loan since It would be tough to get 20% together + repair costs for a BRRRR. Are there other options/loans I should look into? Thanks!

Post: Newbie: Could impending recession doom a first deal?

Brian WolfPosted
  • Rental Property Investor
  • Pitman, NJ
  • Posts 24
  • Votes 15

Hello All,

Im a newbie and trying to plan, learn and research so that I'm ready when the capital and opportunity arise for my first deal. Part of me wants to dive in and start finding ways (loans/partnerships) to stretch my limited capital while looking for my first deal. I've heard lots of investors only regret not starting soon enough or not going hard enough and don't want to fall into the bucket of "never starters".  On the other hand, Im worried that limited capital, no experience and an impending recession could create the perfect storm to sink a newbie like myself for good. Are my concerns valid? Should I start now so I'm warmed up and ready to hit the ground running coming recession time? Should I just save, learn and prep so I can clean up when the recession hits?

P.S. Currently a renter and had the initial thought to look to house hack a duplex/triplex so I can get a low downpayment on an FHA loan since It would be tough to get 20% together + repair costs for a BRRRR. Are there other options/loans I should look into? Thanks!

Post: Tenants Caused $4500 of Damage! Collections or Court?

Brian WolfPosted
  • Rental Property Investor
  • Pitman, NJ
  • Posts 24
  • Votes 15

From another number call their tree service and order $4862.00 worth of services for one of your other properties. When they send you their invoice, respond with yours.