All Forum Posts by: Cary Plummer

I'm living in Los Angeles and getting ready to take my Real Estate Exam in a few months. I work a full-time job and will have 5 properties in 3 years investing in Mississippi and Louisiana. I have a couple people that will be investing with me living in those areas. I just recently realized that I have all the tools to be successful in real estate. I'm extremely eager and excited to learn as much as I can. Time is my most important asset and I'm willing to "Finally" invest in myself. All encouragement and advice will be greatly appreciated. Thank you for your time. 

How do I acquire the Capitol to invest in a 35k property and 10k for rehab?

 Great information! Thanks again!! 

 Thanks, my mother is paying rent a few miles away and I wanted to get her in there so we could pay it off together. I guess I should have lead with that but in your experience does that change your recommendation? 

I'm from Mississippi and am extremely new to Real Estate but I'm at a point in my life where all my life's knowledge points directly at Real Estate. I'm currently living in Los Angeles and found a single family 2br potential property up for auction with a 10k opening bid back in my hometown. The estimated value is over 100k and I used to work in the area of the property. It's not a great area but it's not horrible. The property is currently occupied but is foreclosed and owned by the bank. I can come up with the Capital for the opening bid but that's about it. I'm currently on my second real estate book and have watched several Bigger Pockets posts on Youtube. I'm a go big or go home type of person and I'm great with numbers. I'm low maintenance and as frugal as they come. I know how to do most home repairs and great at finding deals on house materials, appliances, etc. I'm not great at networking but I'm an intelligent person that can pretty much figure out anything, currently how to network. I'm more interested in BRRR rental properties. So, if you've made it this far, maybe you're willing to go a little farther. (Shawshank Redemption) My main question is, if the house goes for 10k, what other steps do I take on the occupants, appraisal? Is it realistic that this property goes for less than 15k?