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All Forum Posts by: Valerie King

Valerie King has started 43 posts and replied 104 times.

Post: New Member from Southeast Michigan

Valerie KingPosted
  • Rental Property Investor
  • Mount Clemens, MI
  • Posts 110
  • Votes 18

Hi Mike,

Awesome! I just visited the REIA website and see the event listed. Looking forward to it.

Thank you so much for letting me know!!!

Valerie

Post: New Member from Southeast Michigan

Valerie KingPosted
  • Rental Property Investor
  • Mount Clemens, MI
  • Posts 110
  • Votes 18

Hi Dylan,

Thanks so much for the welcome and advice! I greatly appreciate it and will be sure to look into meetings in the area. 

Best,

Valerie

Post: Duplex Financed by FHA Loan

Valerie KingPosted
  • Rental Property Investor
  • Mount Clemens, MI
  • Posts 110
  • Votes 18

I've never invested in anything in my life, aside from my college education and an $8,000 car that wasn't financed. 

After a little research, getting started with a duplex that's financed with the help of an FHA loan sounds smart.

Is it as smart as I think it is? Is it true that I can move out and rent both units after a year of residence? What tips and tricks on this do you have to offer? Are there better first steps than the duplex method you recommend?

Thanks in advance!

Post: New Member from Southeast Michigan

Valerie KingPosted
  • Rental Property Investor
  • Mount Clemens, MI
  • Posts 110
  • Votes 18

I am a 24-year-old trade magazine editor. I graduated from Northwestern University in 2014 (go Wildcats!) with a degree in journalism. After reading Rich Dad, Poor Dad (cliche) I'm ready to make smart long term investments for my future. How can one pass on passive income once they've been enlightened, right?! I moved back home with my mom and I'm in no rush to leave. Looking for ways to get started and I'm most interested in utilizing the FHA loan to acquire a duplex. What would you suggest to someone in my shoes, with their entire life ahead of them and no real bills (aside from car insurance and student loans) yet? Wisdom welcome!