All Forum Posts by: Nathan Killebrew

I live in a super small college town so I am not sure if this qualifies, but it is usually somewhere between 8-10% of the rent. 

What type of financing are you looking to get?

(bank, hard, private, portfolio loan, etc...)

A lot of what you need depends on the financing route you take. 

Congrats!!  

Like @Joseph Firmin said go network and meet people. Define your numbers clearly and tell everyone you meet about them.

Are you planning on doing traditional finance?  

It all depends on your comfort level. Difficult areas cashflow more, but they also increase your number of grey hair.  

Defining your goals and comfort level goes a long way. 

Giving an offer hurts nothing. Maybe you find a gem. At the least, you help someone out and returns on that investment will give infinitely.

Dive deep into relationship building.  Your network is the most valuable tool available.  

I go by the mantra: "who ya know is more important than what you know."

Go to meetups post often on forums like this. Send out some messages to people.  You just have to put yourself out there.  

Stay driven. Mindset is so much more important than knowing every little detail.

In my short time in diving into the world of REI, I've realized the most powerful skill to have is the ability to network. Having an understanding of REI is important, but who you know is more important.

I've always been good with people and enjoy discussing life with people, but I realize I can always improve.  What are your tips for networking with powerful people? What questions are good to ask?

You could possibly do a short-term lease. Maybe 6 months.

I know you've heard of house hacking by now, but have you considered that as an option.  Condo's are generally the first thing that goes down when the market turns.... I would proceed with caution if you are looking into condos. 

House hacking would allow you to put a little down. (FHA loan) you are in the clear at that point with most of your capital and living expenses taken care of.

Congrats on diving in man! 

I am 21 years old. Diving in early is the best decision to make.

I have learned a ton through local meetups and networking on BP.  There is so much (FREE) knowledge available.  Meet people in the game already.

I am working on my first house hack.  That is were everyone has told me to start and is the most logical option for people our age. You are in a good spot!!