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All Forum Posts by: Nicholas Armstrong

Nicholas Armstrong has started 27 posts and replied 216 times.

Post: 20 YEAR OLD SUCCESS!! And why others keep failing..

Nicholas ArmstrongPosted
  • Investor
  • Birmingham, AL
  • Posts 254
  • Votes 136

@Joseph Caracappa

"Screw the daydreaming love the process"

I love it.. I may have to steal that quote! Haha

Post: Just closed my 10th rental in last 7 months

Nicholas ArmstrongPosted
  • Investor
  • Birmingham, AL
  • Posts 254
  • Votes 136

Incredible! @Daniel Toshner

That is an awesome feat! 

Post: 20 YEAR OLD SUCCESS!! And why others keep failing..

Nicholas ArmstrongPosted
  • Investor
  • Birmingham, AL
  • Posts 254
  • Votes 136

@Weston Meckes

Thanks Man! 

I Hope I can encourage some young guns on here to get some things poppin! 

Post: 20 YEAR OLD SUCCESS!! And why others keep failing..

Nicholas ArmstrongPosted
  • Investor
  • Birmingham, AL
  • Posts 254
  • Votes 136

@Account Closed

Thanks!
Yes it is hard, my commitments are tested everyday to tell you the truth. But I am a serious believer in "the way you think, is the way you will feel."  I think (therefore feel) that problems prove progress. So when a problem or failure comes my way, I'm fist bumping myself because I know that it's just the growing pains of progress. 

It's awesome to see a Sub 20 investor/entrepreneur on BiggerPockets! I wish I would have started earlier!

Post: 20 YEAR OLD SUCCESS!! And why others keep failing..

Nicholas ArmstrongPosted
  • Investor
  • Birmingham, AL
  • Posts 254
  • Votes 136

@Steve Bracero

Thanks! You're absolutely right, starting early will make a Profound difference in the future. Every single person I have talked to about REI has stated that they had wished they would have started earlier.. That should be a clue to us young folks!! lol

Yes, sadly I've seen the "new shiny object" syndrome many times. Even colleagues of mine on bigger pockets! 6 months ago they were balls to the wall lets get 4 properties by the end of the year! Following up with how they're doing now they say that "life caught up to them" or they "could never catch a break" I feel sorry for them and their experience.. But when I ask how long they tried to find a deal and i'm replied with "a solid month man!"

REALLY?

In reality these people want instant gratification. If it takes longer than a month to land a deal they walk! 

And you are spot on about not being afraid of problems my friend.

But here's what "will be" investors need to understand..

Problems happen to you even if you aren't in the Real estate investing game!! Might as well build financial freedom,  fortune and a legacy while doing it! Am I right?

Post: First deal at age 24: House-hack duplex

Nicholas ArmstrongPosted
  • Investor
  • Birmingham, AL
  • Posts 254
  • Votes 136
Originally posted by @Jeff F.:

Hey @Nicholas Sparks

IF you want to get into a duplex and cant afford/dont want to put down 20% and you'll be living in it, you can get an FHA Loan (or possibly a rural development loan) and put 3.5% down.

I did it on a 4 plex. 

 Also, If this property needs work.. Look into 203(k) loans.

Utilized properly, k loans are a powerful tool!

Good luck!

Post: First deal at age 24: House-hack duplex

Nicholas ArmstrongPosted
  • Investor
  • Birmingham, AL
  • Posts 254
  • Votes 136

@Sam Steadman @Account Closed

Lets connect!

Im looking to build my network of sub 30 investors. I'm in the process of building something unique and I'd love to keep in touch and hear about your progress. You can read my post here to get an idea of what I'm talking about!

https://www.biggerpockets.com/forums/223/topics/34...

I love this thread, It has sparked up some encouraging conversations! Great to see other young guns hustling to get things accomplished!

Post: 20 YEAR OLD SUCCESS!! And why others keep failing..

Nicholas ArmstrongPosted
  • Investor
  • Birmingham, AL
  • Posts 254
  • Votes 136

@Michael Enriquez

Tell me about it my friend..

The amount of negativity is astounding in our age group.. I hear more about why "I cant" rather than "what I tried"

Post: 20 YEAR OLD SUCCESS!! And why others keep failing..

Nicholas ArmstrongPosted
  • Investor
  • Birmingham, AL
  • Posts 254
  • Votes 136

@Johnquel Jones

I can hear the enthusiasm! Im looking forward to following your story and seeing what you can accomplish! My suggestion at this point is to find a tried and true process in the REI game.. and commit to those processes! With your energy you'll find a deal in no time. I will actually be in New Orleans next Summer for a week. We should connect while I'm down!

Post: First deal at age 24: House-hack duplex

Nicholas ArmstrongPosted
  • Investor
  • Birmingham, AL
  • Posts 254
  • Votes 136

Thanks! @Tim Johnson

So you set a goal to acquire one property in 5 months. You acquired 2. So is acquiring two more properties before 2017 you next goal?? :)