All Forum Posts by: Reese Alley

I am planning to buy my first rental next year and obviously want the best deal possible. I have heard, read, and been told that the very best time to buy in during the winter. I would be living in this first residence. The people that would be renting would be my friends that are going to college but we graduate in the spring so that would be the first opportunity they would have to move in and start paying rent. So, to still buy in that winter time frame and fill in the empty renting space in between, would it work to just airbnb that time period? Would I get renters write off the bat? Even if I didn't have renters for a long period of time, I could easily afford the loan but would much rather someone else pay for it! Opinions?

Thank you, and sadly no. All of the properties with in about 45 minutes of me are in the high 100s or low 200s, and I would not be able to save up enough money while still investing enough to keep growing my current business at the rate it is. I am planning to buy a house next year and rent it to room mates while fixing it up just to have a residence to live in and gain experience right out of the gate. It would also save me about 200 bucks a month if I could park my trailers and equipment on the property. While my parents never handed me any money to do what I do, I live in one of the richest counties in GA. I would also have to have my personal house near where I live due to my entire and rapidly growing customer base being within 5 miles of my current residence. Think getting an agent to look for a good foreclosure on the MLS would be a good idea? Opinions on getting a real estate license?

Hey guys, as you can probably see, I am new to the forums. However, I am not new to the idea of real estate and its vast potential. I am 17 with a small landscaping business doing about 7k a month in revenue and I can hold down about a 65 precent profit margin when I am not buying newer better equipment. Next year I will be doing 140k plus a year hopefully at the same margin. While this is enough to get into real estate I will still need to co sign with my parents because I do not have two year self employment history. Are there any rule of stipulations to doing this? I have plenty of mentors to help me and will be ready to go full throttle next summer with everything I have learned over the past few years on paper. Thoughts?