All Forum Posts by: Gavin Kitzi

I have the option to have a used tire shop put in my name. It's in the middle of town and quite a few customers come everyday. It does need a little renovation though. The particleboard roof tiles are trashed and it needs new lights. But it has machine(s). Not the newest machines but machines that get the job done. It needs to be cleaned too. Floor and walls. But it gets business. I just feel like it it had a little renovation itd be better but it needs in the thousands to fully renovate it. I'm just wondering if itd be worth it to invest in?

@Nick Rutkowski Can you explain how the financing works on that please? I'm reading rental property investing by Brandon turner and he talks about that but I don't understand. Do you get two loans? Amd if so how ? And do you have to have that 35-40k up front ?

@Nick Rutkowski what do you usually buy? Light, medium or heavy projects ?

I wanted to ask if buying a fixer upper out of the joy of re-doing the house would be worth it for a first time property buyer? Of course not buying a fixer up just for joy but being able to make a profit out of it mainly. But can wanting to do something to keep you busy like fixing a house be a potential reason to buy a fixer upper? Or am I just not thinking straight? I understand you don't want to buy a house that's nearly burnt down to fix but more like a house that may need dry wall or paint or maybe flooring and things that wont cost an arm and a leg and that are quick and easy to do. Well and relatively possibly with out a contractor. I find myself often bored and would like somting to do. So as a first time buyer would that be an option?

What are some way I can become a good networker? Meaning how can I find good contractors, good lenders, good law firms and so on? Also what are some tips to not spending more than I profit on these choices? Will people work with you more than once? Will it be a one and done deal? Also what can I do to better understand how these all correlate and work so I'm not spending money improperly and only spending money for the good?

@Alec Granger I do have a couple of questions. I want to do rentals and I want to do house flips. I want to experience everything real estate has to offer. My question is what is my very first step? I have about 11k saved and I know that is not that much but it is something. In better words for buying my very first property what do I look for primarily?

@Frank Patalano what's holding me back is not being fully knowledgeable yet to be comfortable with making my first deal.

@Jillian R. Wiedenmayer thank you for the response and thank you for the information. I will deffinitally be on bigger pockets for a majority of my time studying. Again thank you for the info. I'm new so anything and everything helps.

Hello I am 18 years old and live in florida.

I've been really getting into real estate reading books and studying so I can buy my first property with out any doubts in mind. My question I would like answered is. How can I watch and keep track of market up and downs, interest rates, inflation rates, percentages, and all the numbers associated with real estate? I'm still in the early stages and I have alot to learn but I feel as if the numbers parts is a hard part. I am going to have my first property by 20. I just need to find out how to read and keep track of the world of percentages and all sorts of numbers. Anything will help and I will appreciate each and every answer. Also I'm glad to be apart of this community so thank you ahead to everybody.