New to the game, Looking for advice

[Patrick McGrath]

New to the RE investing game. Always knew this was a route that I would be pursuing at some point as I am in the Construction Industry and RE development was my ultimate goal. I find myself with a lot of free time and really enjoying my remote position at a tech firm, so I want to stay the course and start to generate my own portfolio of properties to set myself and my future family up for the future. 

I am in the process of learning the ropes, but I know I am a hands on/ Learn as you go type of person, so I want to make my own mistakes and go through the process a few times on a small scale. 

Once my rental lease ends I would like to House hack in either the Southern Connecticut Coastline/St Petersburg, Florida/ Grand Rapids, Michigan 

[Brandon Rush]

Hey Patrick, 

Welcome to BP! House hacking is definitely a great way to get your feet wet and start your REI journey. The fact that you have the choice of house hacking in various states/locations is amazing and may be a great strategy. Instead of your traditional house hack, I would definitely say think outside of the box to best capitalize on this. Some examples are:

1) House hack in a vacation market, and air bnb out other units while you occupy
2) Perform a FHA 203k loan on properties in multiple states over time
3) Move to locations that are on the rise, but still under the radar. This will allow you to get into that market early before everyone else is

Good luck on your journey, it will be an adventure!