All Forum Posts by: Sabrina Mead

I live in the Villages and although I haven't really looked into investing in the area I do know some basic things about the market. First of all everything is really expensive like stated before and there are alot of HOA fees. Also there is a really busy season during the winter months because all of the snowbirds come down so there is definitely a higher demand then. Then during the summer months the demand for housing decreases dramatically. But basically if you take that all into account and the numbers work thats all that matters. So good luck

Hey Kane, I'm 18 right now and was basically in your position last year. The only advice I would give you is to continually read books and listen to podcasts to help grow your own personal knowledge and see how much you are interested in the subject before choosing if you want to go to college and/or what you will study. If you do decide to attend college start applying for scholarships as early as possible. Scholarships will help alot in paying for college and some of them will even pay for your housing so in theory you might be able to use those scholarships help with your investing career as well. Good luck with whatever you decide to do!

@Isaac Pyle I'm in a similar situation, too. The best advice I've received is to say you are representing the landlord and collecting the money. Then they won't try to play to your emotions since they believe you aren't making the decisions, but I haven't done it yet so let me know how it goes for you whatever you do!

@Shannon M.P. Lewis

Oh my gosh, Congratulations! I'm recently 18 and hoping to do the same thing soon, once I save up enough. I wish you the best of luck!

Hello BP community, what are your favorite real estate and business books? I am trying to find some good books to read soon to help me grow and increase my knowledge in real estate. Let me know your suggestions below. Thanks in advance!

I'm also a college student looking to do a very similar thing. I found out about FHA loans where if the owner lives in the property for a year they only have to put 3.5% down. The only thing is I think you need to have a certain credit score to qualify and have a constant flow of income from a job. Just a quick suggestion you can look into more. Good Luck!

Based on what I've learned so far it all depends on what numbers you are trying to reach. If a 5% ROI is what you are aiming for great, if not you might have to find another deal. By listening to other people's deals 5% seems a little low to me but again it all depends on your market and your own needs.

Congratulations on your first house! I am hoping to do the same thing and buy my first deal when I turn 18 later this year. Based on what I have learned so far your decision to rent or sell should depend on your own personal goals. If you want to make money now fixing the property up and selling it for a higher price is a good way to get immediate cash. Or if you don't mind you can collect cash-flow each month by renting the house and then selling the property later on. Honestly I think it all depends on your specific goals and the numbers that work for your property. I hope this helps and wish you luck on your first deal. 

Hello Paul! 

I do not have any experience investing out of state, however, if you are looking to expand I think Florida could be a great place for you to invest. You might be able to find more reasonable deals within your price range in the Florida market. Just something to think about! I wish you luck on your real estate journey.