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All Forum Posts by: William Lane

William Lane has started 3 posts and replied 5 times.

Post: Saving For A Down Payment

William LanePosted
  • Daytona Beach, FL
  • Posts 5
  • Votes 1

This post is more of a question about the stock market. Should I invest the money I plan on using for a down payment into the stock market while I continue to save? It is going to take me about 2 years to save up enough money because I'm in college so maybe it would be worth it? I would love to hear everyone's opinion on this.

Post: Want to Get Started by Wholesaling, Need Advice

William LanePosted
  • Daytona Beach, FL
  • Posts 5
  • Votes 1

So I am starting research into wholesaling and learning a lot about direct mail, etc. the point is I am hearing all of the ways to contact sellers but I don't have a clue on how to find buyers and contact them with deals, how far in with the seller do I need to be before it's a good idea to contact potential buyers? Also my local market is central Florida, I am located near Daytona Beach.

Thanks! 

Post: Beginner To BiggerPockets

William LanePosted
  • Daytona Beach, FL
  • Posts 5
  • Votes 1

@Erik Kuhi Thank you so much! That's some awesome advice, I'll keep it in mind, thanks again!

Post: Beginner To BiggerPockets

William LanePosted
  • Daytona Beach, FL
  • Posts 5
  • Votes 1
Originally posted by @Pavlos Kasselouris:

Welcome William,

I just rented out a property not far from Embry Riddle today. A nice 2/1 that I bought back in 2015...nice times... Today its really difficult to find cash flow deals. Thats why I'm transitioning to fix and flip, where margins have shrunk but still there are ways to make a buck...

Continue reading and listening to podcasts and you will see that there are plenty of ways to start in real estate and not all require big down payments.

Good luck!

Thanks for the input! I plan to continue learning like you said. I love the idea of real-estate and need some extra money so I might try flipping or wholesaling while building money to find a house to make into a rental.

Post: Beginner To BiggerPockets

William LanePosted
  • Daytona Beach, FL
  • Posts 5
  • Votes 1

Hi, I am brand new to this website. I have however been listening to the podcast for a few weeks now and I read a couple of books that were recommended and am now starting to build up some knowledge. I bought my first house literally Tuesday this week and am getting moved in currently. I am contemplating my next steps and what I should do as I am currently at college at Embry Riddle Aeronautical University in Daytona Beach, Florida. I have an income surplus of about $800 per month that I can use to invest and save. Should I save for a 20% down payment or find another way to get into real-estate investing as I only have $5000 saved currently. My interest currently is in Single Family Rentals.

Please feel free to share your thoughts, all help is appreciated,

Thanks!