Growing up there was nothing more than I wanted then to become a real estate investor. It took me all the way up until becoming a young adult at the age of 31 when I finally got the opportunity to buy my first real estate property. Initially I had no idea of what I was doing I just knew that if I purchase the property renovated it I can then sell it for a profit I always heard about a guys holding onto real estate and renting it out but unfortunately I did not have the luxury of doing that because I was not bankable. You see back then interest rates were about 15% for hard money sometimes even as high as 18%. and even if I was lucky enough to get a hard money loan what would I do with that there's no way I could turn a profit with those types of interest rates.

So the first two properties that I sold made me enough cash where I then started to buy homes on My Own It wasn't until 2014 that I got the opportunity to actually refinance out of them property. I still remember that day so clearly when I walked away from the closing Table after refinancing a property I had bought for $40,000 putting about $20,000 into it and then refinancing out of it for $75,000. Even though I didn't pull out any profit I felt it this was the beginning all the change I was looking for. By the way I let it later ended up selling that property for close to $500,000.


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Disclaimer: Everything I say on this channel is my opinion only and not meant to be taken as advice. All the information I share to buy Real Estate or invest is not be mistaken as a solicitation or recommendation. Always check with a licensed professional before making any investments. My link may contain affiliate links where I can receive compensation for any sales that may arise from any purchase.

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