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Updated 4 days ago on . Most recent reply

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Joshua Koeppendoerfer
8
Votes |
5
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New investor learning the ropes

Posted

I am an Army veteran and just getting into investing in real estate. I am presently learning underwriting and have joined multiple communities focused on multi-family investing; hoping to have 50 - 100 units within the next 3-5 years.

Most Popular Reply

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3,211
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3,328
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Corby Goade
  • Investor
  • Boise, ID
3,328
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3,211
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Corby Goade
  • Investor
  • Boise, ID
Replied

Welcome! Thank you for your servcie!

There's nothing wrong with "going big," so please don't let me discourage you, but- I find that mindset keeps people from taking reasonable, simple steps towards financial freedom because they can't grow as quickly as they think they should. 

There's absolutely nothing wrong with house hacking, doing a deal a year for a few years, building your network and relationships and using the resources you already have- like a VA loan, which can supercharge your start.

After a few years, you'll have experience, relationships and EQUITY that you can leverage in to bigger deals that will come easier because you've already laid the foundation. You can win the world series by just stacking up singles and doubles, over and over. You don't need to hit a grand slam in your first at bat in order to play the game. 

Best of luck!

  • Corby Goade

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