All Forum Posts by: Paul Slaght

@Chris Seveney,

Thanks for the assistance Chris. There are no local REIA groups near me. The closest ones are about a 2 - 3 hour drive. I will look into it though.

I realize that I shouldn't ask for a mentor here.  I was just wondering if there is anyplace that you know of that I could find one.  At the moment, I have a dream of buying some small houses that need repair, fixing them up, and renting them out.  I have no capital and my debt to income ratio would not qualify me for a loan.  Just looking to get started.  Thanks.

 Dustin,

I totally understand what would happen if they decide to close Fort Riley.  I don't really want to cater only to soldiers anyways.  There is always a need for a quality rental.  I agree that it would be more for cash flow.  I would like to get something started and then eventually turn to flipping and selling just to get myself out of the job that I currently do.

Thank you Kevin.  I have found about 5 or 6 houses between $17K and $35K that need some repair work done.  The $35K is actually an apartment complex with 3 1br, 2 2br, and 1 3b.  I will just keep reading the blogs and posts to get an idea on how to get started.  I work a full time job and attend college online for my MBA, so not much time and no money to get started.

I am interested in Flip and hold at first.  I have a full time job and attend college online, so my only time would be some evenings and weekends.  I just read the book "Fix em up Rent em out" from Terry Sprouse and that is basically what I would like to do; get a small fixer upper, renovate a little, then rent it out, and do this with a couple houses or more.  If all goes well, then upgrade to fix them up and sell them.

I am a new member.  I am interested in renovating houses and renting them out.  We live right next to Fort Riley.  Rents are really high in this area.