New to Restate and looking to learn

[Stephen Lortz]

Hello All,

I am from Central Indiana and I am looking to invest in the local area to provide housing for my community. I am planning on starting small in "house hacking" (or a version of it) by renting out a room in my primary residence as my area has a high amount of industry with seasonal / temporary employment (co-op and interns) from international and national colleges. I am plan to slowly study and learn from these experiences and books to expand into an ideal scenario of single family homes (if it makes sense). I look towards the idea of restoring properties to there fully potential while providing housing for the local community.

I got interested in this side of investments from my readings from different books I have read during my new years resolution (reading more) and found an understand and thirst to try this investment avenue out. I have only invested in the "traditional" way with 401K, IRA's HSA's & etc. I was interested in exploring a more "active" way to give into my community.

I hope this forums can help me understand the numbers (what to look for, what is a deal, and experiences). I am interest in a wide variety of subjects and I feel a little lost on how to go forward if initial plan makes any sense to a seasoned investor. As there is much more I would like to discuss but I feel this post would go on for pages and pages and should leave a high overview. 

Thank you to everyone know has taken the time to read and I hope you all find that perfect deal and attain your goals to set out for.

-Stephen  

[Drew Sygit]

Definitely start with house-hacking to learn!

Being right there with the tenants will limit your problems, just make sure to modify your standard home insurance policy.

While your goal of, "the idea of restoring properties to there fully potential while providing housing for the local community" is admirable, it will NEVER happen.

You're not the first, and won't be the last, investor with a big heart. 

Unfortunately, tenants will eat you alive and force you to change:(

Focus on building wealth and if you can become wealthy enough - you might be then able to make an impact on your community:)