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Updated about 4 years ago on . Most recent reply

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Michael LaRocca
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Dental Student wants to start real estate portfolio

Michael LaRocca
Posted

Hi All,

My name is Mike, I'm from New York i'm 22 years old and I'm attending Dental School in the fall. Before I venture off onto the next steo in my academic career I want to start my real estate investing career by purchasing a commercial or residential (maybe house hack close to school) and i was hoping some of you could offer some advice as to how/ where to get started. I have some money to put down for a down payment as well as a partner willing to split it with me. I was thinking of utilizing the FHA loans or the 203K loan if the property can use some work. Any advice would be appreciated.

Thanks Everyone!

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8
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Michael LaRocca
3
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8
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Michael LaRocca
Replied

Thank you for getting back to me! I currently live in Smithtown on long Island but I actually just graduated from the University at Albany this past spring so I am very familiar with the capital region. As of now I am going to be attending school in a small suburb about 30 miles outside of Chicago called Downers Grove, IL. When starting out in my position do you think it would be better to start in a higher or lower income area? I am weary about the potential market crash ive been hearing people talk about and typically higher income areas are the first property values to fall. Is this an issue when using a house hacking model? 

Thank You

Michael LaRocca

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