All Forum Posts by: Daniel Botvynko

I have graduated from high school in 2020 and didn't go to college. In a year I have tried different things, but mostly losing money. I have learned that I have to be more educated to control any risk in anything that you're doing, so I am gaining knowledge from any resources that I can.

So by now I have around $20,000 in my savings and I am taking time before deciding where to start. I don't have huge bills or family, so It is easier for me to start working on my financial life. I am mostly interested in Real Estate, but I am aware that there are many choices in different fields. I should add that my brother works in Construction(remodeling) and right now I'm opening a company to get direct job from people to him so he could earn more, I am interested in this because it will provide me more communication skills as well as kind of sale skills. Also I will learn a lot in Remodeling so I will spend less money when I will be flipping properties.

I am planning to buy my first property in months, but since I don't earn that much I will not be approved for big mortgage, so I am planning to buy an apartment, fix it and rent it.(I need to wait 6 month after the purchase before I can sell it) So that's what my plan is. I keep working my job, help my brother with business which I start(he doesn't know english well), if everything goes well, I will earn more and will be able to save more money for more property purchases, when I have everything that I need, I will be able to buy houses for cash and flip them right away.

Am I too naive ?

And is there anything else I should think of ? I know the option with finding an investor, but It will be easier if I will have experience of running construction business.

If you went thought all of these, what would you recommend for me ?

I am sorry for typing that much, I just feel like I can do it in here.

Thank you so much and enjoy your life:)

P.S by the way, I live in Illinois

0 Votes

Hey

I am currently learning about RealEstate and wholesaling as well.

I Have tried to reach some of the Title companies to provide me that list and none of them do that.

I live in illinois and have a question to some more experienced people, where can I get pre foreclosure list ?

Also if someone has some advices I will be happy to read them.

Thank you and enjoy your day. =)

1 Vote

All Forum Posts by: Daniel Botvynko

Daniel Botvynko has started 4 posts and replied 15 times.

Post: How would you, If you were in my shoes ?

Post: How would you, If you were in my shoes ?

Post: How would you, If you were in my shoes ?

Post: How would you, If you were in my shoes ?

Post: Pre Foreclosure list