All Forum Posts by: Mike Verrona

I feel like it's time. Not because of society but myself. 

At times I think of waiting until my mid twenties and other times I think....

Why not now? Why am I scared? 

I don't want to be stuck in the "analysis paralysis"

@Lelith Walker lol that got me a bit worried. Why wouldn't I be able to sleep at night as Landlord, is it horrible? 

 Lol, it's my way of saying income or "Pay Stubs"

Odd jobs and side hustles aren't paper trails

Thanks for the post.

I think i may just have to suck it up a bit

I was going to attempt and do both.
Rent.. and have it make me some cash at the same time. Rent out a room in my rented apartment...

But, i realize that many landlords are completely against this so this is not an option anymore.

Then again, i also try and put myself in their shoes. When i eventually own, would i want my tenant doing that?

So i am thinking about getting my own place.

Problem is i do not have sufficient income to get approved for a Mortgage, nor do i think i know enough to go and jump into one.

From places i have seen... i am going to spend around $1500 + utilities per month.

Would i be better of trying to get a paper-trail and a multi family building and just live in one?

@Nicki B. Thanks! Likewise 

@Mike D. Hackensack NJ ! Far from you?

@Dawn Anastasi  thanks - the podcast really did help. I really liked the first one i listened to buy Brandon Turner.

Haha! I like.

Maybe I am too newb for this subject and need to do more reading. By Dummy version I mean something that even takes you into the steps of how to compose &  sign the contract.

I came across a perfect opportunity, and could not close, because of the lack of knowledge. The home owner wanted to get his attorney involved ( which I assume is very normal when you are signing off your home)

Guys, although I am fairly new and do not know many users on the forum - I want to wish you all a happy and safe Holiday!

i think a lot of it has to do with how the investor or mentor was taught. 

For example. I knew nothing about credit, and was taught by others. For no charge, just because they knew I genuinely wanted to learn.(although RE vs a credit model is very different in terms of teaching and learning)  Could I ever pay them back? No. Would I want to. Of course.  

But, now when others have questions  - I feel like I should do my best to answer . I was once were they are and did not learn what I did on my own... But from some one who was willing to teach me. 

ill take a look at that! 

Would you consider yourself to be a newbie? @morrislucas