Hoping to invest in real estate… one day.

[Peter Scrufari]

I've been following the world of FI for a few years and have been saving in retirement accounts as best as I can. My wife and I bought our home last year and I'm recently started a job that gives a lot more flexibility for saving and I'm hoping for our savings focus to turn toward investing in real estate (while still investing in tax advantaged retirement accounts). I'm very interested to hear what other's thoughts are on saving for your first property, buying your first property, etc. I've been thinking that some sort of multifamily home would be ideal to mitigate at least a little risk but I'm open to other thoughts.

[Benjamin Aaker]

Read The Richest Man in Babylon by George Clason. Save 10%. Consider going to a self-directed IRA to tap into those retirement funds. Use the money for a down payment on a 4-Plex and live in one unit. You can still get an FHA loan with low money down and you can get started in REI quickly. Good luck.