New to REI, Hungry to Learn!

[Megan McKinley]

Hey friends! 👋🏼

I'm brand new to REI, but hungry to learn! Currently living in CA, but moving soon to the east coast. Looking to House Hack in the next year (market TBD). Would love to connect with new or veteran investors!

See ya around!

[Wale Lawal]

@Megan McKinley

Greetings from the thrilling world of real estate investment! One great tactic for first-time homebuyers is house hacking, which lets you reside in one unit in a multifamily building and rent out the rest to help pay your costs. To assist you on your trip, consider the following steps:

Educate Yourself: Learn more about East Coast real estate markets, home hacking, and real estate investment by utilising online classes, podcasts, and books.

Local networking can be facilitated by joining online forums, meetings, or networking events for real estate investors. Establishing a network with seasoned investors may yield insightful opinions, helpful suggestions, and possible collaborations.

Study Markets: If you're thinking about relocating to the East Coast, do some study on possible places to live. Take into account variables such as population growth, employment growth, and general real estate market circumstances.

Financing possibilities: Look into your possibilities for financing, as home hacking is common with FHA loans. Recognise the prerequisites and lending standards for the loan programmes you are considering.

Create a Team: Put together a group of experts, such as a property manager, real estate agent, and maybe a contractor. A dependable team is essential for real estate investing success.

Remember, patience and thorough research are key. Take the time to understand the markets, explore different strategies, and build a solid foundation of knowledge. 

Best of luck on your house hacking journey, and feel free to reach out if you have any specific questions or need further guidance!