New to Real Estate · Saint Petersburg, FL · Member since 2023 · 1 post · 3 votes
Hello my name is Nathan, most people call me Nate. I'm 23 years old just starting to get into real estate investing. I currently have zero properties. But planning on getting my first one this year. I want to maybe start house hacking and then focus on the Brrrr method. I have about $25,000-$40,000 ready to invest. I'm going keep saving and building capital for my first property this year. My goal is to become finically free by 30-35 years old. To do this I mostly like need about 10 properties. So just wanted to introduce myself and anybody willing to reach out I would love to talk with you and learn. Eventually find a mentor. I have a good growth mindset and strong work ethic. I just need to start and get that first one.
Thats awesome that you are starting so young! This is a great place to get information. Good luck on your goal and definitely take action! You wont learn everything before you start and once you start you will learn much faster!
Thats awesome that you are starting so young! This is a great place to get information. Good luck on your goal and definitely take action! You wont learn everything before you start and once you start you will learn much faster!
Luke Thomas here, I have 45 years experience in multiple aspects of real estate in multiple states of the USA. If you want a mentor, feel free to reach out: [email protected]
Hello my name is Nathan, most people call me Nate. I'm 23 years old just starting to get into real estate investing. I currently have zero properties. But planning on getting my first one this year. I want to maybe start house hacking and then focus on the Brrrr method. I have about $25,000-$40,000 ready to invest. I'm going keep saving and building capital for my first property this year. My goal is to become finically free by 30-35 years old. To do this I mostly like need about 10 properties. So just wanted to introduce myself and anybody willing to reach out I would love to talk with you and learn. Eventually find a mentor. I have a good growth mindset and strong work ethic. I just need to start and get that first one.
Hi Nate! Congrats on making the decision to pursue REI! I like that you worked backwards to figure out how many rentals you need to retire. House hacking is the perfect place to start! Lending is favorable and you can rinse and repeat until you hit your goal.
Real property investing may be a smart strategy to build a portfolio and generate passive earnings. To begin, teach yourself on actual property investing, residence hacking, and the BRRRR approach. Explore financing options like FHA loans and private/tough cash loans, and paintings with a economic advisor. Conduct thorough marketplace studies to perceive target areas with strong rental demand and favorable investment situations. Define your investment belongings criteria, prioritizing houses that align along with your desires and threat tolerance.
Network with experts, investors, dealers, lenders, contractors, property managers, and mentors. Perform thorough due diligence on capacity funding homes, searching for professional guidance while vital. Execute your funding plan diligently, that specialize in including fee, maximizing returns, and managing risks efficaciously. Stay devoted to lifelong gaining knowledge of and boom as a real estate investor.