All Forum Posts by: Lucas S.

Thanks, good to be here! All my friends just give me blank stares when I mention real estate, so it's great to find some like minded people. :)

Personally, I never think it's too late to start something like this. Good luck!

Hey all.

I recently drove from Boston to Houston. On the way, I listened to an insane amount of the BP podcasts. That led me to this forum, and thus, this introduction.

A couple of years ago, I went to buy a condo that would have netted me some pretty good cash flow. I was 18, and it would have been my first property. I was approved for a mortgage (had been working for a while and had some money saved up), everything was right on target for closing, and then... the appraisal came in way under value. The bank needed an extra 7k down, which I didn't have - the deal fell through. A week later, someone purchased the property for 10k more then I had offered, in cash.

Since that burn, real estate's had a special place for me. I am a big believer in passive income, and have recently looked at real estate in a different light. I'm studying everything I can get my hands on and looking to purchase a buy and hold property soon. 

Thanks for all the material on this site, it's been amazing, and really looking forward to asking questions on here!

Thanks,

Lucas