Updated over 4 years ago on . Most recent reply
College Student Saving For A Rental
I am currently in college at a school in Wisconsin majoring in finance. I have been just maxing out my IRA with extra money but I would like to use my remaining funds to start saving for a property. I would like to get into real estate investing once I graduate and land a job hopefully paying 60K+. I am looking at buying a multifamily with an FHA loan in the inner city of Milwaukee. If anyone has any overall advice for me it would be appreciated as I am new to real estate investing.
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Hi William. Have you explored investing out of your IRA to buy properties or grow it using a self-directed? I think this is one of the most interesting strategies in real estate that I learned. I had never heard of the concept prior to real estate.
What do you mean by inner city of Milwaukee--53206? I was just curious why you were looking to buy a multifamily in the inner city. Is it because of price point?
Your idea of house hacking with an FHA is a fine one employed by many as their first step in to real estate investing.