Updated almost 12 years ago on . Most recent reply
Starting early!
Hey guys!
I'm new to this site and I recently just got extremely interested in real estate a few months ago. I'm a senior in college studying engineering. I have one more year though since it's a 5 year program. I'm trying to get ahead of the game and learn all about investing in real estate before I graduate so when I'm finished with school and have a job, I can jump in with two feet.
Assuming I start off with a 60-70k/yr job (very practical), I planned on maybe living home for the first two years to pay off most of my debt, which will be about 100k by the time I leave. I plan on working as a contractor part time with my father on the weekends for extra money I can save for my investments. Do you think it's reasonable I could invest in a duplex/triplex after 2 years by applying for an FHA loan? I understand the requirements of an FHA loan (live in the house, same employer for two years or steady employment history, etc.). Does anyone have any suggestions or another route I can go, like wholesaling?
Great to be a part of this site!
Matt