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Updated over 1 year ago on . Most recent reply

User Stats

7
Posts
16
Votes
Caroline Knight
  • New to Real Estate
  • Illinois
16
Votes |
7
Posts

Newbie Intro - seeking any and all advice and comments!

Caroline Knight
  • New to Real Estate
  • Illinois
Posted

Hello everyone! I have been listening off and on to the biggerpockets podcast and having "we should get into real estate" talks with my partner for about a year now. I recently picked up The Book on Rental Property Investing and we have decided we are all in! 

We are currently located in GA, but my partner recently applied for a job in Illinois. Offers go out for the job in one month (end of Aug)! If all goes well, we are hoping to use this opportunity to our advantage and sell our home in GA, buy a duplex in IL, and house hack as our first rental property. 


This course of action makes the most sense to me based on being new to the game, somewhat limited finances, and already going to make a big move. I would love to hear any comments and opinions from everyone here! 

  • Caroline Knight
  • Most Popular Reply

    User Stats

    757
    Posts
    1,041
    Votes
    Julien Jeannot
    • CPA, Real Estate Broker & Investor
    • Seattle & Woodinville, WA
    1,041
    Votes |
    757
    Posts
    Julien Jeannot
    • CPA, Real Estate Broker & Investor
    • Seattle & Woodinville, WA
    Replied

    The duplex house hack & BRRRR is my favorite! I am biased, that's how I started and eventually how I escape the corporate world.

    I would recommend a place that needs work, take on as much as you feel conformable and have time for. If the place has been mismanaged, all the better, as you can raise rents sooner.

    Happy investing!

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