All Forum Posts by: Jermaine Perry

Appreciate all the value advice!

I appreciate all the advice. However, some of the options may not work as I have a wife and 2 daughters. I'm definitely researching and planning to start another business to attack the student loan debt.

I want to start real estate investing, but I have $62k in student loan debt on $85k income. Looks like I don't qualify for FHA or conventional because of DTI. Should I wait to invest or look for other options to find a muti family unit?

I'm looking to learn the wholesale side of real estate and was wondering if anyone has had success in my area? I have heard that it is actually a lot harder than watching videos and reading articles, depending on targeted areas. Any advice would be appreciated!

Wow! Seems like learning the real estate investment business is going to be harder than I thought. I have learned a lot in my first day on the forum. Seems that you have to be careful, especially looking for your first property. 

Would it be better to purchase a rental or flip? And as far as what I've been reading, south of $10k is not worth the investment. I have also read to be super careful of wholesaling.  

Thanks for the quick response. I was thinking more along the lines of buying something between $4-$6k and rehabbing it to rent out. Would pre-approval really be the only way to obtain sound direction? 

Joshua, I will definitely start researching strategies. I was looking at wholesale tips/videos to provide a funding path, but for now I'm looking to buy cheap for the first property.

Would there be any greater benefit to pre-approval loans vs cash options? 

Hello! My name is Jermaine and I am new to the forum. This is actually my first post and I am looking for advice on how to purchase my first rental or flip property? Any help will be greatly appreciated. I'm currently looking to invest within the Cleveland, Ohio area, but I am willing to invest in other states including Detroit if beneficial. Thanks!