Updated over 5 years ago on . Most recent reply
Beginning with my investment journey!
Hello esteemed professionals and fellow newcomers!
I’m new and seeking help to break into the investment world. Speculations seem dim in 2020 based on some articles that I've read. But I’m not disheartened in the slightest. After building capital I’m reaching out to the BiggerPockets community for guidance. I’m looking to buy my first property (multifamily) in the Dallas Fort worth area and have little confidence in where to start my career in real estate. I am planning on house hacking in order to get started. Can anyone provide advice in how and what strategies have worked for you, as well as where/how to get my feet off the ground?
Most Popular Reply
Hi @Stratton Turner! Welcome and congrats on taking the leap. It's a great journey. Get your goals straight and then educate yourself. There are so many awesome resources on house hacking here on BP, the book that they published last year on house hacking, passive investing through real estate syndications, etc. Choose the path with your capital that aligns to your long term goals and back into your next step. Knowledge + Action = Results. If you're looking for a small multifamily (<5 units), then this will be a residential loan, >5, it will be a commercial loan and a different process, but still doable. Go as slow as you need to but as fast as you can to keep moving forward. Good luck man!