All Forum Posts by: Bryce Ewing

WaveApps.com has a receipt and account management platform that is currently Free and provides all of these. So far I am impressed. Like the personal finance app Mint.com you can connect all accounts and ruin reports from expenses income etc..

It looks like you can have multiple users, scan receipts from your phone app that will update automatically on the desktop platform, and it even lets you create/delete categories and account types. So far it seems very helpful.

I worked for an investor who bought/sold 150+ low end properties. I am always available for a call or text to discuss things! I will help with what I can!

I am looking for someone who doesn't mind answering a few questions for my first property deal. I am pretty knowledgeable about managing. I have been a management intern for 6 months. I have roughly 30k to buy my first deal within the next few months (is my goal). I have some simple questions and I need a mentor/go to for some of the topics that are normally not covered in youtube podcasts or blogs. 

Such as:

How to find the right agent, finding the right neighborhood etc.. 

Great post to get a lot of the mistakes out in the open!

MY BIGGEST ISSUE: 

I have experience land lording as I am a property manager about 20-30hours a week while a full time student. I have not started analyzing deals yet. The largest issue I have is that I only make ~$1,200/mo and I do not have a "Career". I do not believe conventional lenders will take my seriously, even though my school and expenses are paid for. I have more than 1k/mo to cover a mortgage, let alone the tenants rent when I have one. 

Welcome!

BiggerPockets is a great resource that every real estate investor needs. Got a question? Just ask the forums! 

How do I gain access to the MLS? Through who should I contact, and do you normally pay for the service/information?

What is the most efficient way to look through and evaluate properties?

Wow what an Awesome reply! No I do not have any other debt. I paid cash for my vehicle, and my rent is covered by my family. The only thing I am concerned is the amount of cash I will need for repairs if I buy a 40-50k house, will take away from my down payment. But Your advice is great, and I will start calculating payments. 

ALSO: What if my parents co-signed the loan with me?

I am just starting out as a real estate investor. You can read my bio for more info, but a quick overview of my situation: I am 20 years old, and currently in college. I have an internship as a property manager. I manage 180ish units, and I have learned a great deal about being a landlord in the past 6 months. I am very ambitious, and I even think I could improve my boss's business if I had the time and power to do so. 

I am very excited to get my first property this summer. I do not plan on house hacking, unless I find a house that is 4-5 bedrooms so FHA is probably less likely as an option. I am worried that because of my income ($1,300/mo) that I will not be taken seriously from a bank. I do not have other expenses as my college is paid for by scholarship, and my room and board, groceries etc. are covered by my parents. I could easily pay the mortgage without a tenant, but with a tenant I will have money to be constantly making repairs on my property. I am looking from properties in the 40k-70k range.

MY QUESTION: Is it even possible for a bank to take me seriously? Credit score: 710, Mo Income: $1,300. Current cash saved: $27,000.  I may or may not be able to have my parents co-sign the loan. Any Advice you have will help. 

@Aaron ImpensThat is awesome to hear! Hopefully we can keep in touch

How/who do I need to contact to get access to the MLS? Do you normally pay for the information, and how do you find an agent who understands the investor outlook on the market?