University Professor · El Paso, TX · Member since 2015 · 11 posts · 2 votes
I am a recent graduate who's always had a keen interest in real estate. Now that I am finally working as an adult, I want to learn as much as I can on how to start investing in real estate. I'm interested in buying by next year, and since I am straight out of school, I will probably not have much of a down payment. I'd love to get as much help/advice as I can from more experience people.
You should look in to a multiplex, live in one and rent the others out. If I could start all over again that's what I would do.
That is exactly what I was thinking of doing. Except that I will not stay in El Paso for until 2017 the latest. So I would have to be able to sell it by then. People are telling me that the market in EP is very slow and I might have difficulty finding a seller. Any advice on that?
My ultimate goal is to build passive income over time by having multiple multifamily homes throughout my state of residence . My short-term goal is to use the money from one investment in order to make new ones down the line.
@Lynnsay Marsanif you want passive cash flow then you moving is actually a very good thing because you'll be able to live in the property for a little bit rent free then go buy another multifamily property and do the same thing in the new market. If you want to shorter-term cash to invest then maybe do some wholesaling on the side to get the chunks of cash.