All Forum Posts by: Dylan Whitcher

@Account Closed I have spoken with one lending company I was referred to here, but they been pretty slow at getting back to me, going on over a week now since I have had contact with them... I plan on giving them until Friday before moving on to another. From what I understand there was family emergency. My wife and I plan on hitting the ground running once we are approved though, so we will see how fast this all tolls out.

Hi everyone! 

My name is Dylan. I am an Account Manager for a flooring company in Tucson. I am from Texas, but my wife and I live in Tucson, AZ now. I have been a member of BP for a few years and have been listening to the podcast for even longer, but am just now committing to being active in the forums. I first became interested in REI when I was a Sophmore in high school and scrounged up $2000 to attend a "seminar" in Dallas back in 2012. Even though the seminar was a three-day sales pitch to sign up for the big package, my passion was sparked and I continued to learn on my own.

Our end goal in real estate is to build a buy and hold rental portfolio. Phase one of that goal that we are currently on is to buy 2,3,4-plex in Tucson and house hack it. Our goal is to get $100.00 per front door in monthly cash flow after all expenses. After our first deal, which we plan on getting with an FHA/203k loan, I will begin looking for deal #2. I would like to transition into bigger multi-family apartment complexes in the future when I have a better track record and can consciously approach investors and know that I know what I am doing.

Thanks!

@Clay Manship This was a great read! My wife and I are in the process of starting a 203k for a 4 unit now, and I gleaned a lot of helpful information from this. I gained confidence in knowing you started this deal at 24, and to see where you have grown it too in the last 5 years, is exactly what my goals are! Thanks a lot!