All Forum Posts by: William Callister

Thanks for the responses @David Clinton III and @Don Spafford. I have listened to many of the podcasts that seem to pertain to me and I am sure I will be going back over them as I have the opportunity. I am planning to meet with all the banks I can next week to get prequalified and see where our budget is going to be. One of the perks of my current job is that my wife and I get an apartment rent free so we don't have many obligations as far as expenditures. I believe I am going to try for an FHA loan. I need to do some homework, I am not sure if I have to be living in the home to qualify. If we don't have to physically be living there then we will rent it out. We want to own our own home and also create enough passive income so my wife can Stay home with the kids.

I am 27, and recently married. My wife and I moved to Bonners Ferry, Idaho and we really want to start building a portfolio while we are young. I had heard rumors that we should wait a year until the bubble pops. We never had a single case of Clovis in our entire county and I am worried that if we wait, there will be little to no property left for us at a reasonable price and also due to the rush, prices will skyrocket because of the frenzy. Any thoughts or advise? Thank you.