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Updated about 3 years ago on . Most recent reply

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Starting Advice For Getting into the Real Estate Game

Posted

Hey everyone! My name is Chris Ferrari, and I'm a recent college graduate looking for any advice people have to offer. I have always had an interest in real estate, have been reading different books about the topic, and am looking for any tips on how to even get in the game. Living in Massachusetts with the pricing of homes being fairly high compared to average rent, I'm just lost on how to start. I know with the Fed Reserve rate hikes coming in 2022 it should (hopefully) drive property prices down a bit; I guess I'm just looking for tips from anyone who has made it work in the area/similar areas. Sorry if the post is worded poorly, trying to put all of the ideas going through my head into one post isn't so easy because I don't want to write out a novel. Thank you for any responses in advance!

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Michael K Gallagher
  • Real Estate Agent
  • Columbus OH
810
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978
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Michael K Gallagher
  • Real Estate Agent
  • Columbus OH
Replied

Hey @Christopher Ferrari welcome! honestly the simplest and most straight forward way in my mind would be to get a normal boring W2 job that makes buying an owner occupied house easy. Buy a house or duplex for 3.5 down FHA and house hack. What the Fed is doing and what the rates are and all that is great, but for starting it just matters the impact on you personally. So if at the end of the day all you get is a slightly lower or simply controlled cost of living...thats a win in my book. From there you'll figure it out.

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