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Updated over 6 years ago on . Most recent reply

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Elijah Velasquez
  • Austin, TX
1
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Taking a First Step Forward

Elijah Velasquez
  • Austin, TX
Posted

About to graduate from college and was curious about the best way to get started investing in real estate?

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982
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Costin I.
  • Rental Property Investor
  • Round Rock, TX
959
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982
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Costin I.
  • Rental Property Investor
  • Round Rock, TX
Replied

@Elijah Velasquez Do some house hacking and BRRRR:

1. Get a duplex.

2. Move in the uglier side and renovate it. Rent the nicer side.

3. Switch and repeat: move in the uglier side and renovate it too. Rent the newly renovated side.

4. Repeat.

This strategy will give you good ROI and cash flow. Plus, you'll hit multiple goals with one stone, be able to take advantage of good financing, while getting income and tax advantages.

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