New Member- South Florida.

[Glenn Grosshanten]

Hello!

I am a new member, residing in West Palm Beach with my wife. We're both are 23 and finished school a little over a year ago. I'm a nurse and my wife works in the hotel industry. We finished school with 129k in debt between both of our school loans and car loans. We have been working to pay that off. We have been blessed with very cheap rent for West Palm Beach which has helped us enormously. To this date we have paid off 62k in debt, leaving us roughly 67k to go. We have been debating between staying in our studio apartment to continue to knock out this debt or buying a home. We came up with the idea of buying a home that has an efficiency that we can rent out. We just put an offer in on a home and are waiting to hear back, but with the rental income our mortgage would be only 50$ more than our rent now. 

I hope to learn more from the experienced gurus on here! 

[Brandon L.]

Hello! @Glenn Grosshanten

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp

The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent. There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I love answering questions if you have any! Good Luck :)