Updated almost 9 years ago on . Most recent reply
Brand new, need some direction
My first post, I broke protocol and skipped the introduction thread :P.. don't hate me!
About Me: Currently I am in an optimal position making a little over 6-figures tax free in a foreign country. I am 26, hungry, and looking to invest long term in myself, for my family and future family. I want to start now, instead of sitting on capital and spending it on dumb things like a $60,000 car or blowing it on stocks or.. you get the idea, trying to put it to good use! (No real capital yet, but expect to in about 4 - 6 months time.) I also am a vet and have the VA home loans (0 down payment) available to me and pretty good credit (about +720)
I am an empty cup, looking to get filled with knowledge and hopefully make the right moves. I began reading the book, and reading through forums/blogs and eventual podcasts (lots of info to soak up!).
My goal is to build a Real Estate Renting Empire, I believe I'd be able to purchase almost 2 houses a year (@~$100,000 with a 20% down payment) or atleast that is the goal.
My immediate thought is to buy a house in MA, somewhere for that money, and move my family in there and just have them pay the mortgage off through rent while I focus on finding another rental property to purchase. Boston and surrounding area's are mostly Duplexes or multi-family, so I'd be interested in purchasing one of those, but those can cost upwards of $300,000 - $450,000 and still need repairs.
Anyways, I am really excited to be apart of this forum, community, and looking forward to building my empire! I'd appreciate any help, resources, direction or just information and even a friendly hello :)