All Forum Posts by: Gabriel Guerrero

@Tanner Johnson Thank you for your suggestions. I know that’s probably what I should do. But I just can’t help but focus on the money I’d be losing out on if I start investing later. You always hear about those successful investors who started when they were 18 without any money. Stories like that make me feel like I’m already late in the game.

Hey everyone,

I'm a 20 year old living in Southern California. I really want to start investing in real estate. My initial thought/plan was to look for a multi family home, live in one unit and rent the rest. That way my tenants would be paying my mortgage and I could save up and purchase another multi family property a year or two after. My only problem is that I don't have an actual job. I'm a student so I've only worked part time jobs and I am currently not working due to the virus. This is a problem because I doubt a bank will loan me any money without having stable income. Is there any ways around this?

I have been researching seller financing and I think that might be my only route.

My girlfriend is an LVN making close to $3500 a month and is willing to help any way she can. Will that be of benefit at all? Will a bank take that into consideration?

Can anyone with any suggestions or tips please help me out?

Thank you so much.

@Lynnette E. Thank you for the information! I appreciate it.

Hey everyone,

I'm a 20 year old living in Southern California. I really want to start investing in real estate. My initial thought/plan was to look for a multi family home, live in one unit and rent the rest. That way my tenants would be paying my mortgage and I could save up and purchase another multi family property a year or two after. My only problem is that I don't have an actual job. I'm a student so I've only worked part time jobs and I am currently not working due to the virus. This is a problem because I doubt a bank will loan me any money without having stable income. Is there any ways around this?

I have been researching seller financing and I think that might be my only route.

My girlfriend is an LVN making close to $3500 a month and is willing to help any way she can. Will that be of benefit at all? Will a bank take that into consideration?

Can anyone with any suggestions or tips please help me out?

Thank you so much.

@Theresa Harris I suppose you might be right. Thank you for commenting.

@Jennifer T. Wow thank you so much! I appreciate the long and thoughtful response. This was very helpful. I have thought of moving out of state. I’ll have to look into that a bit more. Thank you again!

Hey everyone,

I’m a 20 year old living in Southern California. I really want to start investing in real estate. My initial thought/plan was to look for a multi family home, live in one unit and rent the rest. That way my tenants would be paying my mortgage and I could save up and purchase another multi family property a year or two after. My only problem is that I don’t have an actual job. I’m a student so I’ve only worked part time jobs and I am currently not working due to the virus. This is a problem because I doubt a bank will loan me any money without having stable income. Is there any ways around this?

I have been researching seller financing and I think that might be my only route.

My girlfriend is an LVN making close to $3500 a month and is willing to help any way she can. Will that be of benefit at all? Will a bank take that into consideration?

Can anyone with any suggestions or tips please help me out?

Thank you so much.

Hey everyone,

I’m a 20 year old living in Southern California. I really want to start investing in real estate. My initial thought/plan was to look for a multi family home, live in one unit and rent the rest. That way my tenants would be paying my mortgage and I could save up and purchase another multi family property a year or two after. My only problem is that I don’t have an actual job. I’m a student so I’ve only worked part time jobs and I am currently not working due to the virus. This is a problem because I doubt a bank will loan me any money without having stable income. Is there any ways around this?

I have been researching seller financing and I think that might be my only route.

My girlfriend is an LVN making close to $3500 a month and is willing to help any way she can. Will that be of benefit at all? Will a bank take that into consideration?

Can anyone with any suggestions or tips please help me out?

Thank you so much.