All Forum Posts by: Eric Brown

I have just recently found a potential buy and hold property listed for 55k. According to the county auditors site the surrounding properties have appraised for anywhere between 80k to 100k. I have a scheduled appointment with the Realtor this weekend to view the property and already, based on pictures, assume I will need around 5 to 10k to rehab. Just wanted to ask the community for any tips about what to ask and what to look out for. Since it's my first deal I wanted to see about a land contract deal in my state of Ohio which the owners said they wouldn't be apposed to talking about it. Thank you for any help you can give.

Thanks Marco for the reply. I am currently in the midwest Ohio market but I'm not shy about branching out if I need to. I'm located in a pretty rural farming area, so it can be slim around here sometimes. 

I should have put that in there when I first posted. I'm looking at getting into rentals and flipping if the deal is right. Thanks for the reply Matthew G. I will try to look for some meetups around my area. 

Good morning Bigger Pockets community from Ohio,

My name is Eric, I'm 34, and ready to begin my real estate investing career. I'm happily married, have three lovely little children, and two big mastiffs. I've spent the last several months reading, researching, and watching podcasts to gain as much information as I can to begin this journey. I have now saved up around $15k and have an additional $10k in equity with my current residence right now. I'm interested in learning how to best utilize those amounts to start investing. My main goal with real estate is to be able to spend more time with the family as I currently work 40+ hours a week at my full time job.

I look forward to making connections and gaining more knowledge as I continue forward. My only apprehension is using a bank to get started. I only have the house, my car, and a credit card on my credit but my credit score to a hit earlier this year. I like the idea of owner financing or HML's but I haven't gained enough confidence in either to make the final push. I'm wondering if anyone can lend some insight about this topic or maybe some advice or even a better path to continue on?

I look forward to making new connections and learning as much as I can about real estate investing. 

Thanks for your time,

Eric