Getting started Investing

[Bryan Strain]

Good afternoon everyone, just wanted to take a minute to introduce myself to the community. My name is Bryan Strain, I am 31 years old and I am located in Pittsburgh, Pennsylvania. I'm very interested in becoming a real estate investor and just trying to find some people, resources, etc., to help and provide some information along the way! I've owned a home with my girlfriend now, going on 3 years. We were able to get a FHA loan on this home right before Covid shut downs started so we were able to secure a pretty good interest rate. My goal is to finish updating some of the home, (kitchen, bathroom, main bedroom and landscaping) before I sell it though. The process of buying, fixing, and reselling has really caught my eye over the last year or so. I have some funds saved up now where I would be able to put a down payment on another home, but the process of trying to get started is where I'm stuck at. Any help or advice would be greatly appreciated! I've read a couple books and have been a heavy listener of the Bigger Pockets podcast within the last year. My main goal right now is to try and gain enough knowledge as a I possibly can before throwing any money in. Again, any help would be greatly appreciated! I hope you all have a wonderful Sunday evening!

[Jeremy Taggart]

@Bryan Strain is the plan to sell the single family home you are in now and use the proceeds to buy another single family home? I'm always a fan of utilizing equity you have in your home to buy rentals rather than or in addition to your own funds. Allows you to scale much quicker. Or depending on family/living situation sell the primary you are in now tax free since you've been there 2+ years and then use the FHA again on a 2-4 unit for very little out of pocket. Then the rest of the funds you can use to buy rentals outside of that.