Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Zackary Benoit

Zackary Benoit has started 2 posts and replied 3 times.

Post: Buying another home?

Zackary BenoitPosted
  • Posts 3
  • Votes 0

So I was donated a house with around 4.5 acres of land from a family member. So I am set and I don't have to worry about rent. Now I want to work on making some passive income. I am soon to be getting a nice job making around $19k a year. I was thinking about saving up and buying a home in my home town and rent it out. The cost of the property would be around $29,000.00 I am very good at saving money so I think it would be a nice thing to do. Anyway, give me some advice guys. I am just 18 and starting to build some decent credit, I would love to pay the house out cash. Give me some advice guys/girls!

Post: Directional advice please

Zackary BenoitPosted
  • Posts 3
  • Votes 0

Thanks so much man!

I don't think im up for a house hack. The house needs some fixes, but they really aren't major, and i could do them myself. I would estimate the cost around 10k... 20k...

However, I would really love to look into an equity loan, but I am really looking for a better job. I would love to rent out some properties with the equity loan. Like I said i am looking for a better job incase renting does not go as planned and i am stuck with a equity loan.

Post: Directional advice please

Zackary BenoitPosted
  • Posts 3
  • Votes 0

Hello everyone! So I will come clean and clear on everything and get straight to the point. 

These past few months I've gotten deeply interested in real estate. Im currently 18 and still finishing up some high school, but I am soon to be done. I currently own a home (where I live). It is a 3 bed 2 and 3/4 bath home on about 4.50 acres of land. So I am extremely lucky to not have to worry about mortage or rent at 18. I wanted to hear everyones thoughts on what I should do.
I recently got a small loan to get a head start on my credit since I have no credit history. I would love to hear everyones thoughts, because i am super interested in reap estate. Also, i would love to hear what you guys would do in my situation. Thanks!