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Updated over 2 years ago, 05/24/2022
Young Aspiring Investor - Ready to Take the First Step but...
Hello, I'm a 20 year-old aspiring investor. I've taken courses, listened to the podcast for a year, done a lot of research, etc. and I feel that I'm ready to take the first step in real estate investing. With that, naturally I'm having my doubts - I don't want to throw my money into a home for the sake of doing it.
I'm looking to house-hack since I'm in college and I can mitigate the risk of vacancy as well as get tenants I already know in the house - avoiding the bad tenant experience. My biggest concerns are (1) running numbers (i.e. what am I looking at, what are good numbers, what's important criteria, etc.) and (2) I've understood and appreciated the concept of "creating - not finding - a deal", and I'm seeking some pointers as to what are some of your personal favorite value-add techniques.
Thank you so much!