All Forum Posts by: Joey Martinez

Hello everyone, I wanted to take a minute to introduce myself and give a brief description of my real estate journey so far. I'm definitely a newbie at this point, my wife and I are taking our first steps in starting out our journey. I've been studying almost everyday trying to learn at least the basics of getting to a point where we can successfully buy our first cash flowing investment property. We currently own a home in San Antonio, Tx and were able to lock in a low interest rate before the market went up, that being the case I've been hesitant on taking cash out from our equity because we would lose that interest rate. We have three kids and my wife is currently in school. Although I make decent income, we don't have the capital yet to start investing with any traditional mortgage loans. I'm still learning about other forms of financing or partnering that don't require a huge amount of money down. With that said, I'm now subscribed as a pro member on BP and I'm planning on practicing analyzing deals at least once a day. I'm also in contact with mortgage lenders to gauge whether I'd be able to get approved for financing and what strategies would be applicable with our current situation. I'm excited to see where this journey leads my family and I.

Thank y'all for taking the time to read this, any advice is welcome!

Joey Martinez

I bought my my first house in July 2020 at a 3.6% rate just before the rates went up.