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All Forum Posts by: Mason Richards

Mason Richards has started 2 posts and replied 2 times.

Post: Buying first rental property

Mason RichardsPosted
  • Rental Property Investor
  • Layton, UT
  • Posts 5
  • Votes 0

Hello to all my name is Mason, I’m 23 currently married with one daughter. I have wanted to start investing in real estate a long time ago and just never get around to doing it because since I am young not a lot of people are willing to work with me. Since I joined the military I am now eligible for the va home loan which I saw as an opportunity to start. Is there anything I should do to start looking for deals like contact an agent I really want to buy a property for cheap and fix it up and sell it. Any tips would be appreciated. Located in Utah.

Post: How do you know what properties are worth it?

Mason RichardsPosted
  • Rental Property Investor
  • Layton, UT
  • Posts 5
  • Votes 0

Hello to all that took that time to read this post, I'm a 22 year old husband to a wonderful wife and father of a beautiful baby girl and Im joining the United States Air Force to work on airplanes, but I've wanted to do real estate since I was in my early teens. Over the years I was really uninformed about it I thought you just collected all the rent and paid about half of what you make a month for all the expenses. Boy was I wrong, I did more research over the years and after finding out that I will qualify for VA benefits and be able to pull out a %1 interest loan for 675k and I immediately thought wow I would finally be able to start I used the calculator on bigger pockets to get a rough estimate and once I saw the cash flow I was in shock I would pull in a whopping $200. I just want to know how do you know if a property is worth buying? How many would I have to buy to make a good living?