All Forum Posts by: Javen Wilson

@Jonathan Hulen

I simply don’t know enough yet to be able to come up with creative ways. So I guess I’m stuck with the regular methods lol

@Billy Zhao

I've been told to stay away from FHA's and VA's and other things. Not sure the difference between those versus other types of loans though. And I'm currently in the works of trying to get something on the side so I can make extra money to save up for my first rental. Saving money for my first one is a thrill too, just knowing that after getting the first purchase that my possibilities are now endless is exciting.

I got denied by postmates actually cause of a speeding ticket and DoorDash is being annoying and refusing to take my bank account info so I’m kinda stuck trying to figure out other services I could provide for people. Either way, I’m going to get one figured out

@Jonathan Anderson

I’ve thought about going in with a partner. My problem is finding a value that I would bring to the table. I mean, I have no problem doing quite literally all the hard work myself but the issue that brings up for the person with the money is that I don’t necessarily know what I’m doing.

My first property will quite literally be my guinea pig. It will be where I find out everything on my own or with the help of others and it could be a risk for their money cause I could make a mistake that costs them their own money but none of mine.

I don’t really want to do that to anybody and no body wants that happening to them so I don’t think that would work for me in this case. Maybe in the future but not right now.

@John Farady

You’ve got a fair point, those are everything people never mention in the videos but are things I’ve always thought about.

@Dan M.

Wholesaling is what is like to get into, but I’ve been told it’s not something you can get into easily during a recess. But it’s something I want to try and do once all this pandemic clears up.

I’ve seen a lot of videos saying you can purchase a property with little to no money. I’m not entirely sure how this works, if it’s possible, or if it’s just a ploy to get you to click on their video.

I’ve also heard some people say that it’s impossible but I don’t really know which to believe. If someone could clear this up for me that’d be awesome.

@Michael Standish The only issue I have with renting out a bedroom is trusting that person. It seems pretty risky and I like the privacy of having my own home. But ultimately if it came down to it and that was my only option then I’d probably end up doing it. It’s a great idea for a lot of people but for some it’s not. I think I’d just have to find out

@Dentric Vance Hey, thank you for the advice. I’ve been giving Muncie a lot of thought and it seems like it could work out really well. Also, what do you mean by slumlords? Not familiar with that term lol.

I’m currently in the process of saving money to buy a house in Muncie, Indiana. I won’t be able to make the purchase until roughly 2 years from now but I was wondering if Muncie is better for renting properties or if flipping houses would be good to do as well.

Also, any Muncie investors who see this, if you wouldn’t mind shooting me a message so I can ask some other small questions that would be great!

So I haven't started my journey to real estate investing quite yet, I am still saving money and waiting for the right time to make my first SFH purchase. Reasons I haven't yet are things I can't control. But as I grow closer to being able to start looking at deals and make my first purchase, there are some questions I have that may seem like basic knowledge to most but I have no idea the answer to or I can't quite figure it out 100%. Keep in mind, I'm 19 years old and I have just started recently getting very invested in my future and where I want to be long term.

1.) Can you go to any bank, even if you don't have an account with them, and ask for a loan or get approved for a loan? Like, can I go 50 miles away from where I live and get a loan from a bank. 

2.) How exactly does a deal work? If you are partnering up on a deal and one has the money and the other finds the deal, what's to say the person with the money doesn't just take the deal and finance it themselves and make more money off of it without having to split it between the 2 of you? 

3.) When finding deals, do you usually work with a real estate agent or do you do everything yourself and save the money? 

4.) Final question, are there any investors in my area that I'd be able to get in touch with and just try and learn a few things from them? 

I'd appreciate any and all help you guys give. I'm trying to get myself out there and create relationships with new people and learn whatever I can on my road to financial freedom.