All Forum Posts by: Diego Lopez

Hey @Anthony Grepo, first of all, congrats on making the decision to begin investing in real estate because this is IMO the best way to invest your money. 

1) Start saving. If you plan on doing this yourself you will want to have a stable income, good credit, and a good amount in your savings depending on what type of asset you want to purchase and your strategy. Or you can find other ways of funding by asking family, friends, etc. 

2) Get educated (books, podcasts, videos, etc). You will want to get a general overview of what it means to invest in real estate and then dive deep into the niche that you feel most interested in. **Tip: ANYTHING can be found online and ANYTHING can be learned through the web. Don't underestimate the power of the internet. 

3) Know everything you can about your market through online resources (county website, local newspaper), local investors, real estate agents, etc. 

4) Learn about the different financing options and requirements for each. Get pre-approved and begin your search

5) Network with real estate agents, brokers, and banks. Get to know the network in your community and the importance of each. 

6)  Once you feel that you have a good grasp on what you want to do, take action and go physically see and make offers on properties based on your own criteria. 

Good luck!! 

Congrats @Alex Kamunyo!! What a great story it turned out to be. I'm in the process of finding my first deal as well and have been learning/reading about real estate since the beginning of this year.

Being a recent grad, how did the process of obtaining a loan go for you? Did you have a full time job, work history, credit, etc etc to be able to get approved or did you need a cosign? 

I can definitely see both sides of your situation. Like it's been stated above, it all depends on your short/long term goals. Do you want to invest in real estate? Do you want to start a family? What are your expenses? It just all depends on you. 

If I was in your position, I would write down my short and long term goals. Then, I would write down the pros/cons of buying a more affordable home over a less affordable home. When you write things down on paper, you're able to analyze the situation better IMO. Why not find a happy medium?