All Forum Posts by: Account Closed

My brother and I are looking for our first REI. We are looking for a single family home in the Cedar Rapids Area in the $100,000 - $130,000 range.

We are both recent college grads with stable jobs and we live in a condo together currently. It is a little too late to house hack at this point, so we have decided to go with single family.

We probably could put down around $10,000 for a down payment, but not much more. We have good credit scores and pay extra on our current 15 year mortgage for our condo.

How should we go about a loan or funding for our first investment? I’m assuming we would probably be in the 5% - 10% for a down payment. Is there anyway a bank would take that on? Or is private funding the way to go?

Any advice is welcome.

Thank you.

Hello everyone,

Relatively new to BiggerPockets and real estate but I want to be financially free and live life by my own terms.

I have twin brother and we both are interested in getting started and working together. We are both recent college grads, currently working full-time, and paying off student debt.

We are currently trying to build capital, save some money, learn about real estate, and get started within the next year or so.

My question is: would it be worth it to start an LLC or a partnership together? It is convenient having a brother and business partner and we want to make the most out of it.

Thanks!

Fairly new to this forum, so hello!

I am a recent college grad, working in a decent marketing job paying off my student debt. While I have almost no capital, I am pretty invested in becoming financially free sooner rather than later. Whether it is through investments, side jobs, real estate or whatever, I am open to getting a low maintenance life and enjoying time with (future) family.

I live in the Iowa City/Cedar Rapids area so I believe the market is pretty good and I would love to stay in the area.

I really want to move on this goal and set a good foundation.

Any advice on how I can get started?