Out of College, Beginner Investor

5 Replies

Hey everyone, I just started listening to the BiggerPockets podcast and it has me hooked onto real estate as being a driving vehicle for my future financial freedom. I have dabbled in long term stocks the past 2 years, but have come to realize that my goals align more with real estate. So I am starting a job in a couple weeks, where I am planning on saving about 80% of my income after taxes. I have a couple questions for those that might have been in my position or have experience. 

First, I am big into reading, and was wondering if you had any book recommendations for me based around real estate. In the next couple years I want to read and learn as much as I can, so when I have the available money, I am able to execute accordingly. I am planning on diving into the BiggerPockets tools, but was wondering in terms of a physical book(s) or other resources.

Second, I'm sure I will figure this out as I learn more, but what is the best type of real estate to invest in while working a full time job and have a decent amount of cash on hand? It seems like large apartment complexes, with many doors, is the best way to go in the long term, but having that large of capital is something I won't have to start with. 

Lastly, I will be moving up to Napa, CA. So if any of you are near by and would want to connect in the future, I would be ecstatic! Or if you know of any real estate groups/clubs in that area, please reach out.


Cheers,

Jacob

@Jacob Banner Congratulations on graduating. I am starting off myself with similar questions. All I can add is if you haven't yet read rich dad poor dad. That's what got me interested in this quest for financial freedom. I have also been watching Graham Stephen on YouTube and he has some good info on credit cards and stocks. I hope that helps some, and wish you much success!

Originally posted by @Jacob Banner :

Hey everyone, I just started listening to the BiggerPockets podcast and it has me hooked onto real estate as being a driving vehicle for my future financial freedom. I have dabbled in long term stocks the past 2 years, but have come to realize that my goals align more with real estate. So I am starting a job in a couple weeks, where I am planning on saving about 80% of my income after taxes. I have a couple questions for those that might have been in my position or have experience. 

First, I am big into reading, and was wondering if you had any book recommendations for me based around real estate. In the next couple years I want to read and learn as much as I can, so when I have the available money, I am able to execute accordingly. I am planning on diving into the BiggerPockets tools, but was wondering in terms of a physical book(s) or other resources.

Second, I'm sure I will figure this out as I learn more, but what is the best type of real estate to invest in while working a full time job and have a decent amount of cash on hand? It seems like large apartment complexes, with many doors, is the best way to go in the long term, but having that large of capital is something I won't have to start with. 

Lastly, I will be moving up to Napa, CA. So if any of you are near by and would want to connect in the future, I would be ecstatic! Or if you know of any real estate groups/clubs in that area, please reach out.


Cheers,

Jacob

 Welcome to the party Jacob.

I am in a very similar situation, albeit a couple years behind you as I am still in college. I wanted to second the recommendation for rich dad poor dad, I am just finishing it up and I think it does a great job of setting the stage for the start of a wealth building journey.