All Forum Posts by: Ryan Howard

@Mike Henkel 

I know you stated that you were working three jobs when first starting out. But I was wondering if you had any problems with your debt to income ratio? If so how did you get around them? I'm currently looking for my first deal and am worried about the future and how fast I can start my snowball. I'm looking for ways to purchase properties fast instead of having to save up for a whole year to buy another. If I anyone else has any input it would be greatly appreciated.

While I wait for my 2 year mark to come around at my current job to qualify for the fha loan I an trying to figure out the best strategy to pair with house hacking. I'm almost 100% that's how I want to start my investing journey, I am worried that my 35k a year income won't be enough to keep aquiring more properties when it comes to my debt to income ratio. I was thinking about getting my real estate license and doing that part time but don't know if I will be able to make enough money doing that. And lately I've been thinking about finding partners to do fix and flips to gain more income incase I have to put 20% down. If anyone can give me some ideas I would greatly appreciate your help.

Hi everyone I am a inspiring real estate investor. And I am looking to take advantage of the fha loan program. I'm 22 from Pittsburgh Pa and have about 10k saved up. I have about a year and a half left before I'm at my 2 year mark at my current job and am able to apply for an fha loan. I'm also in the process of looking for a second job to help increase my monthly savings so when the time comes I will have more money to invest with and also have a higher monthly income to hopefully allow me to get a bigger property. The main question I have is for my first investment property should I try and get a bigger 3-4 unit or just a normal duplex? I am hoping to get my second property as soon as possible after I get my first and don't know which route I should take to get my first. Also if someone would be able to explain to me the steps of aquiring my second rental property. Like would I have to put at least 20% cash down since I'm planning on using fha loan for my first? Or would I be able to leverage my first property to get a second? I'm sorry if I seems as if I am talking in circles, I'm new to the whole real estate thing and still have a lot to learn so bare with me. I'm looking forward to gaining valuable information from anyone who is willing to help.