Time to grow up. Never too late!
Hi I'm new here at BP
I know this might sound old to you guys but ever since I listened to rich dad poor dad, which I had put off for a long time, realized that its time to grow up and set a goal for myself to be financially independent ASAP. I'm already 35 y/o and wish I had done this sooner but it is what it is.
Among the many niches, rental properties struck a chord with me because of the potential for passive income and generational wealth.
Then I came across house hacking which I thought was a great way to pay for the mortgage. So I decided on a goal to buy a multi family duplex tri or quad, live in one and rent out the others
Right now I'm trying to save as much money as I can and educating myself about real estate, listening to BP podcasts about multifamily, audiobooks, asking questions etc. etc. anything
I'm looking for more inspiration so I was wondering if you guys can share your experience starting out with rental properties.
- What was your job before real estate? What made you decide to do rental properties?
- Did you buy a multi when you started?
- Did you house hack?
- how did you come up with the money for the purchase?
- Did you scale up to more units?
- where are you located?
Thanks a lot guys! stay safe out there!