So, how did YOU get started?

Question

Hello BP Family!

As a complete newbie, I am very curious as to how you got started with your Real Estate Investing journey.

Whats your Niche ?

How long did it take you to get started after dreaming about it ?

I love hearing success stories on the BP podcasts, and I would love to see yours as well.

I love to pick-up ideas and pick other peoples brain on how to get the ball rolling.

Also, feel free to message me if you are in my area, would love to connect face to face over a cup of Joe or even see your properties !

As always, I appreciate every one of you !

Best,

-Kevin

Michael Randle · Answer

Hello Kevin,

I personally got started with purchasing my first property and then renting out a room to a local college student (Simple house hack). Mainly I did this because I was way in debt for student loans and needed to save more money to pay them down faster. And buying a house was cheaper than any of the apartments in the area. So a Win-win-win for me.

Next I had to move for work and decided to just rent out my first house and repeat the house hack on my second home I bought.

I then had to move across country for work and decided long distance management with the crappy company I had wasn't for me. Sold both for a nice little profit that paid off my car, wedding and half of my student loan debt.

Now we house hack again, and looking at getting a small (4-plex or less) property to begin the adventure on this part of the country.

Best of luck on your journey!

Kevin Clifton · Answer

Michael !

Wow , way to get ahead ! Love how you did not waste any time and sold the properties, thus setting you up for your future and gaining knowledge along the way. Love the house hacking. I bought my home before I knew about this :( You seem like you have a great plan ahead and I can appreciate that!

Congrats on the wedding and BEST OF LUCK to you in the future.

Please keep me posted on your journey !!!!!!!