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Updated about 3 years ago on . Most recent reply

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4
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1
Votes
Ryan LaPointe
1
Votes |
4
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Physical Therapist with 30k for first investment!!!!

Ryan LaPointe
Posted

My mindset changed a few months ago after reading the almighty rich dad poor dad. My wife and I are 29 year old physical therapists who are seeking financial independence and an escape from the 9-5. I have been neck deep in books, forums, and podcasts learning as much as I can in order to make my first deal. I’m not naturally a huge risk taker. I find ways to make the numbers not work. I would love some advice on how to over come this or any under the radar markets to check out! 

Most Popular Reply

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74
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29
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Ziad Hamati
  • Lender
  • Houston
29
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74
Posts
Ziad Hamati
  • Lender
  • Houston
Replied

If you want to lower your risk and have a foot in the real estate game, HOUSEHACK. If you intend to live in, you can purchase a property as low as 3.5% down. Find a duplex where you can live on one side and rent the other. Or maybe a single family house where you can rent one / two rooms out. That will be a good intro to self managing 101. You cannot loose in that strategy! You get to live for free because your roommate / neighbor is paying your mortgage. 

If house hack is not possible, find your self a single family. Run your numbers on worst case scenario. DO your due diligence. If everything checks out, go for it.

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