All Forum Posts by: Faith E.

@Michael Cohen

I guess I need to save the 20% or at least close to $20k to start. If emergencies occur there will be funds to make the payments. 

@Aaron K., It is owner occupied. The location in PA that I am looking is only 2 hours drive. I know I will have to find a property manager. 

I figure the longer I take to get started the harder it will get. I guess based on what you are saying it is better to save close to 20%, or save at least $20K to get started?

 @Aaron Klatt, 

Defiantly not looking to purchase here in N.Y. I'll be looking in Pennsylvania for the $50k price range.  With that in mind what do you suggest? 

Thanks 

 Wow very informative Ashley. I did not know about the 203k. Ill definitely look more into it.  Thank you. 

Was wondering,  does anyone happen to know of an Android app calculator similar to the BP one?

Thanks

Is anyone familiar with the Stroudsberg area? I'm looking to invest there.  

Hi All, 

I'm still fairly new here.  I have been saving as much as I can on my low salary.  How much do you think is a good amount to save before making the first purchase, especially knowing that there could be potential problems after purchase? I.E they roof needs to be replace, the furnace goes out?

Thanks for your help.

Thank you all for the valuable information. I started browsing the site reading the articles to see what I need to do. 

@Jay 

@Jay Hinrichs I will look into real estate job market to see if they have part-time work. In this economy, I cannot afford to loose my health insurance. I did browse Indeed.com, but so far nothing. I will keep looking. Thanks.

@Mike 

@Mike Bassett, I did not know there were meet up groups.  I will definitely check it out. Thank you. 

@Brady 

@Account Closed, That is a new term for me. I will look into it. Thanks. 

Hi Everyone

Thank you for your replies. I will definitely look into your suggestions. 

@Trexie E., thanks for the the info on the Education tab. I will check it out. 

@Dimitri Lopez, thanks for the links and the quotes. I have always been a person that saves. I recently opened a new bank account for the purposes of saving only in a completely different bank from my usual.

@Jay Hinrichs, and @Mike Cumbie, are you all suggesting becoming a realtor myself? Thanks

Clayton S, yes I live in NY. I had to move back to NY (with parents) a few years ago because of not being able to find employment. Many things I am over qualified for or under-qualified because of lack of enough work experience. I spent a lot of years in school pursuing a dream that is not meant to be. I have to move on from it. Age is against me. I do not want to invest in property here in NY because I know it is extremely expensive. I spend most nights up doing my second full time job which is job hunting and getting no where. I am ready to move on my other dream which is owning rental properties. 

I know I have to start some place. A friend recommended this site to me, so here I am. 

Hi Everyone, 

I am new to biggerpockets. It has been my dream for years to be able to invest in rental properties.  My plight right now is that I only earn  $33K per year.  Have been looking for better job options,  however,  with a lot of degrees, and no work experience no one wants to hire.  You know the drill. 

I feel that it is time for me to start getting my other dream accomplished since the other failed. What do I do? Thanks for your help.