Hey! I'm a brand new member from Ohio.
Hey everyone!
I am brand new to all of this. I am currently a senior at Kent State University looking to better myself and create a feasible means of living and making hard earned money after college. I live in a suburb of Akron, Ohio.
Admittedly, I have a limited background in real estate, but I've always wanted to learn and do more. My friends know me as the "house freak." I just really, really love houses.
I found this website while I was searching for ways to get started in real estate and so far I have already learned a lot!!
Question for you: What should be my first step with getting into real estate? After some preliminary research, I think I'd want to own a live-in flip. I'd eventually like to rent it out and buy another house to do the same thing. Is this a solid route to take?
Also, what's the best way to get my real estate license??? I am ready to get going!
Thanks so much!
-Bryan
Most Popular Reply
Hi Bryan. Great job getting started early. I bought my first apartment complex just after graduation from college. Best decision I ever made. We have done 2 live in flips. We kept the first one for two years before selling to exclude all the gains from capital gains tax. It is a little hard to do, but if you are flexible and don't mind a messy house for a while, I think it is a great way to get started. If you use a conventional or FHA loan you will have to live in the house for at least a year before moving out and renting it. You could always house hack though and rent a room or two out after you finish remodeling, while you are still living there. Start saving for your down payment!!