All Forum Posts by: David Gatlin

@Sunny Hon

Thank you for the inspiration I will continue to look for houses.

@Kristopher Kyzar

Well honestly I just started learning about investing in real estate about 2 months ago. So my plan was in the year that I save my money I will study as much as I can. Maybe when I get my first duplex I will manage the tenant right next to me to gain the experience. After that I will acquire a PM for my next properties. Any tips on finding a good property manager?

@Kristopher Kyzar

Do you recommend that I get a property management company to work with me? If so should I get it as soon as my first duplex or should I wait until I increase my amount of doors a good amount?

I would just like to know if this is a good plan for me. I am a 19 year old electrician making roughly 25k/year with 8k in savings. I currently live in Virginia Beach and I am becoming very interested and invested into real estate. I live at my aunts house right now only paying 50 dollars a month :). So I'm thinking, around a year or so of saving money, if it would be a good idea for me to get an FHA loan and with that money buy a duplex. I would either get one that I can BRRRR or just get a turn key property and house hack (Live in one unit, rent the other). Any feedback would be greatly appreciated!

@Jim Cummings

I appreciate the help thank you. I will start my searching.

@Jim Cummings

Thank you Jim. I did some research and i saw it said that you can do it with a credit score of 580. Also that It’s better for people with scores lower than 700 or so, but as of now my credit score is 690. I am an electrician apprentice and have been doing this for about a year now so I only have about 1 year of a stable income to show the lender. So with that information do you think, given my age and work history that I could qualify for a loan?

@Jim Cummings

Thank you sir, much appreciated. With the FHA loan do I need very great and established credit in order to get said loan?

@John Mocker

Thank you very much for the feedback. I will start contacting different agents and people. I have been wanting to locate different REIA meetings I just don't know how to find them.

@Jody Sperling

Thank you for your feedback. I have about 8k in savings and just recently started building my credit with a credit card. I am definitely considering partnering up in the future but I just don’t know what route I should take for my first deal.

I am 19 years old I live in Virginia. I just recently stumbled upon Bigger Pockets podcasts and Robert Kiyosaki books which completely changed my mindset and sparked my interest in real estate. Any information about how I can work my way up to getting my first deal would be much appreciated.