Stepping into this niche(what do you think of my idea)

[Rigel Cagbabanua]

Hey guys! I'm Rigel and just started my journey in real estate. I've been reading a lot about business books, negotiation books and I seemed to had an analysis paralysis because I felt very stuck even though I am learning and preparing. I then stumble upon real estate and fell in love with the concept of how it can create wealth over time(the BRRRInvesting). Just finished the book how to invest in real estate: ultimate beginners guide.

Also, could I ask help from you great realtors here on evaluating my first investment and do you think it would be a good first step?

I’m looking to buy an apartment that has three bedrooms but not a whole building. I’m planning to do house hacking as my first step.

I estimated the cashflow to be atleast 300$ a month

What’s your take on this?

[Jalen Scott]

The simplest way to get into real estate investing is to treat the house you're living in as an investment. Lowest down payment requirements, typically only need to occupy for 6 months, can take cash out like any other property and effectively "BRRR" minus the rehab. Highest profit margins, just need to be flexible enough to take on the task of moving around. Strongly suggest multi family home as your primary home. 3.5% down FHA up to 4 units, 5% down conventional as a primary. Hope this helps!