Updated over 3 years ago on . Most recent reply
Physical Therapist with 30k for first investment!!!!
My mindset changed a few months ago after reading the almighty rich dad poor dad. My wife and I are 29 year old physical therapists who are seeking financial independence and an escape from the 9-5. I have been neck deep in books, forums, and podcasts learning as much as I can in order to make my first deal. I’m not naturally a huge risk taker. I find ways to make the numbers not work. I would love some advice on how to over come this or any under the radar markets to check out!
Most Popular Reply
If you want to lower your risk and have a foot in the real estate game, HOUSEHACK. If you intend to live in, you can purchase a property as low as 3.5% down. Find a duplex where you can live on one side and rent the other. Or maybe a single family house where you can rent one / two rooms out. That will be a good intro to self managing 101. You cannot loose in that strategy! You get to live for free because your roommate / neighbor is paying your mortgage.
If house hack is not possible, find your self a single family. Run your numbers on worst case scenario. DO your due diligence. If everything checks out, go for it.