@Lucas Miles thank you for the quick response. I was thinking of first finding a bank to work with around here and it seems your suggestion reinforces that. I should have mentioned that I have a good six month cushion sitting aside, as well as some money in stocks that could easily be liquidated if needed and I'm saving more every month. My credit is excellent and I have a perfect track record of paying bills on time (I am in my 30's). My idea was to use somebody else's money to purchase, then either flip after rehab if the price is right, or rent it out to build experience as a landlord.
I am currently analyzing deals daily just like doing homework for the big test. This is all in the research phase at the moment and I am waiting to see if the country settles back down before making any moves. I have already set up meetings with two local investors (landlord across the street from me and an old boss with multiple properties), so I am taking the advise of people who have been in my shoes. BP podcast, UBG, books and YouTube videos are very beneficial and I love learning, but one of these days I will have to make a decision.
Lastly, I should probably wait until I have a job, even if it's part-time. When I got my mortgage the bank wanted to see two years in the same industry, not necessarily two consecutive years. Because I am in school my work history is spotty. It's also worth mentioning I got a VA backed loan and had the seller pay all closing costs, so my initial investment in this property was zero.
Thanks again for welcoming me to the community and I look forward to further discussions!
