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I got this fourplex under contract for $375k. It was worth about $415-430k. This was a unique fourplex because it is 5 min from Texas A&M and each unit was a 2/2 (2bd 2ba is rare in College Station).
There just one tiny little problem... I was 19 years old and had about 3k to my name. I couldn't qualify for FHA or Conventional financing and a hard money loan at 12% interest wasn't going to do it.
So I decided to wholesale it to an investor for $415k. I ended up making about $28k after closing costs and fees. That $28k helped me purchase my first property a few months later.
You don’t need more research. You don’t need more credentials. You just need a clear plan and the guts to take the first step.
Get the exact 5 steps I used to buy my first property without a degree, years of experience, or a giant bank account.
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