All Forum Posts by: Nathan Salazar

Thank you Michael , I will contemplate on those questions and make a decision soon.

Hello everyone I have been working at a car dealership and currently making $10/ hr. I want to save money to buy my first investment property. Would it be a good idea to get a better job In order to save more money or stay with my current job where I do have job security and a extremely flexible schedule? Thank you for your time

Originally posted by @Joseph Quinones:

Nathan,

As a Rookie Investor myself, I am preparing to start Wholesaling properties to bring in more money. 

Consider starting with Wholesaling, and also build your network with Hard Money Lenders if you are looking to buy/rehab properties.  Even if your income is less than 20k/ year, there are ways of acquiring money to start investing.  Don't be afraid to invest out of state or outside of your comfort zone, that is what will make you tons of money!  

I live in Manhattan now, but am originally from Temecula, CA and understand my market and the market in So Cal are not good for us as Rookie Investors... let's not let that deter us from our main goal. 

 Thank you so much Joseph. This has been very helpful and motivational! I will look into wholesaling and start with that. I have heard stories of people doing that in order to get their down payment for rental properties. Thank you again Joesph.

oh okay I will look into those. Thank you!

Oh yeah one last thing; as newbies how where you able to finance your first investment property?

Hello everyone 

I live in Orange County California , Santa Ana to be exact. I want to start investing in rental homes and as you know Orange County is very expensive. To top it all off I have no money for a down payment and my work income is less than 20k a year. I've been looking at other areas around my county and they seem to be around the same everywhere . I was wondering if I should consider looking out of state or stay local and keep looking for the best deal to suit my needs. 

Thank you ahead of time for the advice. Any feedback is appreciated.

Bigger pockets rules! :)