All Forum Posts by: Kyle Evans

Hello everyone. Thanks for taking the time to read this post.

I turned 18 and if you have seen my posts before you know it's my goal to buy a rental property while I'm 18. 

Quick question for you. The bank is telling me for investment property you have to put 15% down. Although this would not be a problem, I'm just wondering who would stop me if I used FHA and a month later started to rent it out. How would they know? If they found out what would happen?

Thanks and can't wait see what you guys say. 

Have a great night,

Kyle

The cash flow seems low to me for a 5-plex. Depends on what your looking for I guess!

Good luck,

Kyle

Congrats!! @Glenn McCrorey 

@Curtis Bidwell Wow that's awesome!!

Now that he is 18 is he purchasing more properties?

Good luck to both of you!

Kyle

@Curtis Bidwell That's awesome! Did he have it co-signed by you though? I was told you had to be 18 to get your own loan!

I am going to listen to that podcast again.

Thanks!

Kyle 

@Omi C. I like the numbers! Nice find!

Awesome thanks everyone! I really appreciate the feedback and advice! 

Kyle

@Curt Davis @Glenn McCrorey @Ryan Dossey 

@Sara Cunningham If you don't mind me asking how much cash flow do you get on those properties on average? 

When I start I'm looking to get $400-500 cash flow. Is that something that can happen in Oklahoma City?

Thanks

Kyle

Hey everyone! Hope you all are having a great day. 

Just a quick question.....Most investors I talk to all say the same thing. Get a LLC!

How much do they cost on average?

Thanks,

Kyle