All Forum Posts by: Mike W.

Hello and thank you all for that warm welcome!

The last days i was perrty busy, got in contact with some real estate agents and many banks and lenders. Unfortunately it seems that my credit history is not long enough yet and i will have to wait 2-3 months until i'm in the 'system'. I was told that i need to have full 6 months, with my credit card that i own since October that means i will have to wait until May to apply again.

I tried other options, but most of them apply when you have bad credit instead of no credit at all.

Maybe anybody has another option or way i can go?

Hello everybody,

after reading a lot in this forum, listening thorugh most of the BP podcasts and reading multiple books, it is about time to introduce myself.

My name is Michael, 30 years old and recently moved from Germany to Newport News, VA due to some job oppotunities. I've worked as a plumber/heating-/ gas-tech for many years overseas and I hope this will come in handy during my real estate journey.

I would consider myself quite frugal, but i always lived for rent, i still do. This needs to change, to me this is lost money. After i built up some credit, saved for a down payment and monitored the local marked for quite a while i want to take the next steps.

My plan is to find a 3 or 4 unit multi family property around the Newport News area which i can house hack and maybe add some equity to. Unfortunately, such bigger properties seem to be pretty rare around here.

I don't have a lot of connections yet, but found some local real estate groups. I intend to join some meetings in the furure if my job allows that. So if anybody knows a good lender around this area or just has some expereiences to share, i would appreciate that.