Brand New Investor Ready To Learn
Hello!
I am not too sure where to start so here's a little about myself
I am new to BiggerPockets and Real Estate Investing. I currently live in Philadelphia, PA working as a Chemical Engineer at a local petrochemical refinery. After being out of school for a year, I really honed in on my personal finances and started looking into certain avenues for wealth growth. I initially researched stocks and had some success there but came attracted to the prospect of investing in real estate by the amount of control it allows.
I currently am sick of sinking so much money into rent at my current apartment. Im in what I call the "Education Stage" of what I hope to be a long and successful real estate journey. I've read, and am continuing to read, many books on real estate and have developed excel sheets to practice analyzing deals while I work up the capital to make my first purchase.
My goals for the next year are to buy a multifamily property to house hack with an FHA loan putting between 3.5-5% down (depending on my finances and property costs) to reduce my housing payment as significantly as possible while also getting experience at being a landlord. Long term I wish to eventually acquire many rental properties (currently focusing on multifamily but open to other parallel investment strategies) and develop enough cash flow to achieve real financial independence.
I look forward to discussing investment strategies as well as learning from/about you all.