All Forum Posts by: Tatyana M.

@Tim Safranek. Good for you!!!!

yes, keep reading, listening podcasts, education. 

practical steps you may want to consider:

- ask a parent/guardian to create a designated credit card account (even if it is "secured" - you have to put about $500 as collateral). it will start establishing your credit history, which you will need  as RE investor. Pay your bills on time, no "buts" or "ifs", all the time. 

- think VERY SERIOUSLY about college. education is very important  but not all education is created equal. you will NOT need a fancy school or a degree to be a successful investor, state or community college might be just enough to learn basic principals and critical thinking. Consider learning a trade - plumbing, electrical, HVAC - all will save you lots of money if you choose RE niche that requires remodeling

- do not spend your money on liabilities such as newest phone, outrageously expensive footware, etc  (if you havent read Rich Dad, Poor Dad, do it now) 

- consider summer internship with a RE professional (agent, investor, title agent, general contractor, etc. too many to list). downside - probably wont earn much money, still will need to wait tables at night to earn that cash :) 

best of luck to you!

im looking forward to see your posts on BP

Centriq - it keeps all my appliances information (make/model), manuals, paint colors (if different than the standard), fixtures, etc. it also is connected with amazon, so i can order appliance part without looking what model i have. 

Also Coogle Voice and MileIQ

Debra, welcome to BP! you have a great plan! how about you reach out to no investors in your area and ask them for advise. They will talk to you! it's amazing how many people are willing to share their experiences, especially with such a hungry for knowledge lady like yourself

after First look, property becomes available to investors. typically, if there are several bids, they will ask for your highest and best offer. Not all realtors work with Fannie, check if yours does. I was told that if you are a realtor yourself or anyone with interest in your company, you can not bid on those properties. It has some extra paperwork, can be little annoying at the closing. I got 5 sfhs from homepath, it wasn't too difficult. one thing to keep in mind, if you bid on the property during first look period, you can not rent it out for a period of time (I believe one year). I heard they actually do check on that and people got into troubles with Fannie over it. Not a big deal, just bid next day the first look is over. good luck

keep reading and listening to the podcasts! you'll learn so much about so much. it may seem overwhelming at first but don't give up, the clarity will come. as far as your first purchase, look into FHA loans, look for properties on FirstLook at homepath.com. you have a goal and a reason to succeed, best of luck!

congratulations!!! best of luck!

@Thomas S. higher turnover, this is serious!!! ha ha it was very good, Sir!

@Ryan Murdock thank you Ryan, this is pretty interesting. I definitely feel now I should stay clear of this one, there is a lot of passion in 2nd amendment rights. the ironic thing is that I'm considering to get myself a firearm for protection, so why should I deny anybody to make feel themselves/ family more secure.

@John Thedford John, this came more as a concern for my liability. actually, I was putting in "no trampoline" clause in my lease and firearms came to my mind as far is as my liability, but violation of 2nd amendment is pretty serious thing to consider. and many people are right, it may come as taking sides in politics, which has no place in business. thank you John!

@David Rubio David, great article, thank you!