All Forum Posts by: Dante Campbell

Hello everybody my names Dante and im 22 years old im in the process of buying my first rental property through tax sales in my county my question is after i get the deed and the house is in my possession do i get the appraisal then or after i would fix it up to be rent ready? If i wait on appraisal until property is rent ready how do i know what banks and possible buyers will value it at? Thanks in advance

I’ll try to keep this short and simple I’m 21 I have no credit so I’m working at the moment to repair it while saving money recently I had to switch jobs I was selling life insurance and now I work with a radiology group I’ve only been at this job a couple months and it just occurred to me that I need 2 years of proof employment it was only a couple of months between jobs does my 2 year “clock” restart? Is there anyway around it? What are the best and time effective ways to build credit? If there’s no way around the 2 year clock what would you do in my situation thanks! I live in Pittsburgh by the way of that would make a difference

@John Teachout can you reach a point you can live off of just cash flow?

Hello everyone, as I’ve been on bigger pockets the last couple of months I’ve developed a plan to brrr and house hack mfr but if you only get a couple hundred in cash flow a month how do you build wealth? If I had 10 properties that cash flowed +200 I would only have an extra 2,000 a month. So what is the real wealth builder equity or cash flow and why also how do people work their way up from buy and holds to apartment buildings thanks for your time

@Katie Miller im a newbie at the moment in my “accumulation phase” I call it gaining knowledge and capital I’m working a decent hourly paying job saving as much as possible (I’m literally eating rice, beans, and chicken everyday) I’ve watched countless Brandon turner podcasts I’m not into books too much but I’m getting rich dad poor dad soon because it has been mentioned so much even on other podcasts I listen to so

my goals would be to read and finish rich dad poor dad and to read more books in general goal 2 would be to develop a full scale frugal lifestyle until I reach where I would be comfortable financially goal 3 would be to get into my first multi family property before fall of this year goal 4 is to be on my way saving to either buy my 2nd property or have the 1st fully renovated. Life doesn’t go perfectly planned and sorry for the long winded post with no punctuation 😂 I’m on lunch and have to get back to work soon

@Jordan Pratt shoot me a message I’m open to anything

Hello everyone I’m back again with more questions and a little bit of an updated plan as I’ve been doing some research just want some feedback and possibly some motivation stories appreciate it ahead of time.

I'm 21 working like a mad man at my day job picking up as much overtime as possible and listening to podcasts all day while I'm there learning on the clock as well off the clock I make decent money (not enough to raise a family on) so my plan is to use the BRRR method & house hack a duplex - quad and buy and hold long term and eventually go commercial with big apartments so I can have all units in the same place i don't have a team at the moment nor have I contacted anyone as I don't have a need for them yet I'm still in my accumulation phase (knowledge and capitol)

My questions are

Is there an equivalent to a 203k loan that’s conventional I don’t want to have to deal with mortgage insurance forever?

If there is one would which would you prefer and why? (I’m looking at the 203k for a lower down payment and rehab help)

Do people refinance to get away from the pmi?

How does refinancing work? What does it do?

And last but not least for the moment I’m from the great city of Pittsburgh are there any meet ups and or groups that I could join thanks in advance

Hello everyone I’ll try to keep this as short as possible so it doesn’t turn into a ramble but to give you some background I’m 21 in Pittsburgh my only child is my fur baby 😂 but I’m working and saving money and I want to buy and house hack a tri or quad I was thinking 203k so I’m able to do some rehabbing as well and I want to buy and hold my question is how to get financing once I start getting up into and passed 5+ properties I know it would turn into commercial at that point so would it be a lot more cash at that point?

Short term goal: save up 10-15k get into house hack property by August

Long term goal: 10k a month net

Even longer term goal: 25-50 unit apartment building

I know I have a lot of work to look forward too I have a decent mentor always looking for good advice

Are these goals realistic?

Am I missing anything?

Any additional thoughts, comments, concerns?

Thank you

Thank you everyone who took the time out to reply I’m focusing on house hacking small multi family properties to buy and hold

Another question I’ve been kicking around is how to calculate all the expenses and fees that come with closing as well as monthly to know if it’s a good property

Why don’t people just keep buying and holding forever thanks!!

Hello Everybody,

My names Dante I’m 21 with no kids I’m new to the bigger pockets Website/App but I’ve been watching videos on YouTube for a couple months I’m in the Pittsburgh area.. I’m really in search of as much knowledge as possible before I take the leap of faith. I have a couple questions such as...

What are some things you wish you knew before you started?

Videos/Books/Podcasts?

How to know if that first steps right?

What first step would be right?

Really any information helps I appreciate your time thank you!