All Forum Posts by: Grace Wang

@Cooper McKee 

Hey!  Read Scott Trench's book "set for life" and Craig Curelop's book "the house hacking strategy". Those are great reads for new investors. Once you're finished, you might see a good reason to start house hacking, as that is how many successful real estate investors started (before it got the cool nickname). 

Save that $1000 for your future downpayment, don't throw it away.

@Matheus Maia Become a real estate agent and join a team of investor-friendly agents that work with investors as their primary clientele. 

Realtors who hustle reap the benefits. That will get you $$$ to fund your future real estate investments. The market may be "saturated" with other agents, but believe me...there is plenty to go around. Keep the abundance mindset and dive in.

Another option is to find an investor your admire in your market, and offer some sort of value-add to their business and/or life. If they are not tech savvy, you could think about creating content for them and reaching a larger market. If they want more lead-gen, maybe you cold call 200+ potential clients per day. Go above and beyond, and become the person they rave about. All this requires is dedication and hard work. From there, you'll form relationships that may come in handy in your investing career.

Have you tried applying for the Discover IT card? From my understanding that's a great starter card. I do believe you have to be 18 years old, but that was my very first card. I started out with a $200 credit line and was able to build from there. 

Check that out. I've got my fingers crossed for you!

Hi @Bryan Hernandez, sounds like you're off to a great start!

Keep on learning, and keep your eyes on the prize (what is your WHY?!)! A few books I'd recommend you read next are: 

• (1) The Millionaire Next door -- Thomas J Stanley 
• (2) Rich Dad, Poor Dad -- Robert Kiyosaki 
• (3) Set for life -- Scott Trench
• (4) The house hacking strategy -- Craig Curelop

After you read these, sign up for MeetUps and see if there are any local/virtual real estate meet ups. You can also look on BiggerPockets for meetups in your area.

THEN, find some investor-friendly agents and ask them about market trends and how investors are buying in the area. 

All while doing this...save, save, save, and build up your credit score. When you're financially ready (no analysis paralysis plz), purchase a house hack (which you'll know much about after reading book #4) and be ready to learn for the rest of your investing career.

Hope that helps :)

Hey @Logan Taylor! 

It's great you're starting off young. If you are wanting to get into real estate, I would recommend you house hack! House hacking allows you to to not only develop your skills as a landlord (dealing with screening, tenants, maintenance, contractors, etc), but it allows you to save on living expenses while saving and learning for future opportunities.

If you have the financial means to purchase an owner-occupied property now (assuming you have downpayment plus some $$, for reserves, and great credit... you may be able to put 3% down, conventional), start by finding an investor-friendly real estate agent and lender whom you have great rapport with. From there, figure out what you need to do to qualify for a loan. If you're able to get into a house hack immediately, awesome. If not, side hustle in the real estate industry.

Maybe get your real estate license and put in the extra hustle to help people buy and sell? Or possibly help some mom & pop landlords manage their properties? The possibilities are endless. Point is...you are in a great position to set the rest of your life up for success. 

message me if you have any questions :) 

Hey @Thatcher Glode -- I got my license through VanEd. They are based out of Boulder and have an amazing online program. I felt ready for my national/state exam and was able to pass the first time through because of their course. 

Their platform is very user friendly and self-explanatory. I'd highly recommend them!

@Michael Dumler - Hey! My strategy was not as extreme as Craig's, but for my first house hack I added a 5th bedroom and rented out all the rooms (except for the one I slept in, of course). The second one I plan to rent one bedroom and block off the rest of the house, so I can airbnb. House hacking is awesome because there are so many strategies you can use -- just depends on the setup/layout of the house! Are you thinking of living behind a curtain like Craig did?! lol

I use cozy.co

The tenant pays and you're also able to perform a background check

@Christian Albright you'd be able to get something under $450K needing a bit of work. If you havent started already, try looking in those areas I previously mentioned. There are also pockets of aurora (as previously mentioned) that you'll be able to find a great deal.

As a forewarning...Although the market is competitive, don't get discouraged if you dont get your first offer accepted, by the way! The best property for YOU always comes a long at some point :) 

@Stephen Richardson - hey there! if you want to get into rentals down the road, a good place to start is house hacking. You'll not only learn how to screen and place tenants, but you'll learn the ins and outs of landlording, routine maintenance, hiring & screening contractors/handymen, and dealing with disasters. I recommend renting by the room. By the way, you'll be putting rent savings into your pocket for your next deal ;)

Your ability to be living IN the deal on your first deal provides an invaluable opportunity to learn and grow. I highly recommend house hacking your first deal before you get to the point of not wanting roommates! Message me if you have any questions. I'm a Realtor here in denver, and I work with tons of investors in your shoes -- I'd be happy to have a conversation!