All Forum Posts by: Steven Duck

Hey everyone!

My name is Steven and my wife, Lauren, and I are looking to purchase our first home. Ideally, we would love to turn this property into our first Rental within a couple of years and start our investing journey! We would love to buy a foreclosure or short sale, but just don't know where to start to find the best deals. I've always heard of wholesaling and was looking for any advice you may have. It seems like the best way to complete a wholesale deal is with cash. Unfortunately, we don't have the cash on hand to do that. We are approved for an FHA loan and I was curious, can we still entice investors to wholesale to us?

We've also noticed that through foreclosure.com, it lists a homes of bankruptcies. What's the best way to go about contacting those homeowners? Just a written letter asking to purchase their home?

Sorry I'm so all over the place. I'm just super excited, anxious and nervous all at the same time to finally start investing.

Thanks for taking the time to read this and I hope to hear from you all soon!

Steven and Lauren Duck

Hey Everyone!

Being new to Real Estate investing (and not having a lot of money!) I was looking for a way to start out relatively small. Then I ran across Manufactured Homes. What's the best strategy when it comes to mobile home investing? I realize that they don't appreciate in value (and can often depreciate). But it seems like I can acquire a relatively cheap mobile home that will cash flow nicely once rented out. Should I buy and hold for a few years, make some money (hopefully!) on the rents and then sell? Or is more of a long term play? Or should I just stay away from Manufactured Homes altogether because they can be to risky?

Thank you for taking the time to read this and I look forward to chatting with you all!

I guess a little bit of both. But I was mainly asking the question to try and learn and come up with creative ways to partner with people!

Thanks for the response, Russell!

Hey Everyone, 

For starters, I am extremely new to this who thing, so please be patient with me if I ask stupid or inane questions!

There is an apartment complex (being a beginner, not sure why I don't focus on smaller things to get my feet wet, I guess I just like to aim high!) that I have had my eye on for some time now, the only problem is, I don't have any money to even afford the down payment on such a thing. I'm not exactly sure how to word my question, but without getting into all the details at the moment, are there investors out there who would invest and help facilitate the purchase? I would do all of the leg work (and manage) since I'm local, but maybe split (some percentage?) the rents or something until they get their share back plus interest? If they decide to sell before then, split the profits (some percentage?)? I guess my main question is, are there investors who are just looking for a long term investment for their money? My biggest concern too is, what's to stop them from going around me and just purchasing it themselves without my help?

I don't even know if any of this made sense! If it does, then I would love to hear what some of you guys have to say! I really want to get started in Real Estate, I just honestly have no clue how or where. 

Thanks for your time! Looking forward to hearing from you soon! 

Welcome, Peggy! 

I'm pretty fresh to Bigger Pockets and the Carson Valley as well. I moved here a little over a year ago and absolutely love it here! It's hard to beat the views, that's for sure. I work for a Realtor here in Carson City, so, while I'm new to both BP and the Carson Valley, I'd love to help out in any way I can. 

Have fun exploring this great medium!

@Tim Farrell Thank you very much! I'm sure I'll be getting in touch with you soon.

@Michael S. Helton I don't find myself up in Reno quite as often as I would like. But thank you for the invitation and I would love to attend some of those meetings.

Hey Everyone!

Just wanted to take some time to introduce myself. My name is Steven and I'm currently living in Northern Nevada. I have always been interested in investing in Real Estate, but paralysis by analysis is a very real thing! I tend to get to overwhelmed with all the data or just looking for that PERFECT deal. I am more interested in the Buy and Hold strategy, but definitely just looking to learn as much as I can. 

Thanks for taking the time to read and I look forward to chatting and learning from you all soon!