All Forum Posts by: Michael Newman

Hey guys, I’ve been reading the Little or No Money Down book and as I get farther into it I become more inspired. I’m currently in college and pursuing a CPA license so if I can draw up all the numbers and show a good deal, would someone with money actually be willing to work with me? Is it easier than it sounds? The way I look at it is you con someone without ACTUALLY conning them.

Hello whoever is reading this, I turned 21 2 months ago and I made the decision to be a billionaire. No I’m not joking and real estate is what caught me like a fish on a hook. When I searched Real Estate books I saw that Brandon Turner‘s book on rental property management was #1. I immediately went to my local Barnes & Noble and bought it. I read halfway through but then I thought, “I can’t get started if I have no money” & with the gENIUS MARKeTING within that book led me to the Little or No Money Down book. I am reading and am wondering if I can draw up all the numbers and possible risks, would someone be willing to engage in a partnership with me? I am currently going to my local college to eventually get my CPA so I have good math skills and a general understanding of money/investments/risk. I went to my local realty shop and the kind woman in there showed me the values for houses in my town of Staten Island in NY. The cheapest duplex, in a good area, in good conditions cost 480k. I am taking a class and going for my real estate agent license during the winter break. I wonder if there are people out there who would help me in my current situation. Thanks for reading.

@Jim Pellerin thank you, by sales do you mean simply being a real estate agent?

@Kevin Ferguson thank you, how would I look for an internship with (currently) an associates degree and no real estate experience nor license ?

I’ve had plans to be an accountant for two years now and I am fixating my future on real estate. Now I’m thinking it would be wiser to become a property manager. The pay is roughly the same or close to it and I’d be learning what it takes to manage a property and the true cost of managing a property. Would this be a smart career change so to speak? Just curious what you guys think who have years of experience or even if you’ve just started out. I appreciate any kind of comment from anybody.

Thank you all for your input, the BiggerPockets community is amazing

I’m going to wait until I’m an accountant and have a stable, decent salary before I jump into real estate. Sounds impossible working a minimum wage job

@Jim Pellerin Your response was the best and most helpful to me, thank you. Now I have the same hopes before I posted the question. I have a question for you, would an FHA loan be smart to purchase an owner occupied duplex/triplex to start?

Thanks again, you guys have changed my perspective on REI dramatically. Now I’m wondering what would be a good price for my first rental unit assuming I have 5,000 to spare?

Thanks guys, I had a feeling it was too good to be true. I’m going to take my chances and try the little or no money down strategies. I have about $5,000 available for reserves. Would this be okay for 2-3 small units?