New Young Investor seeking advice

[Davarious Thompson]

Hello everyone!

I have recently stumbled across a Bigger Pockets Podcast episode & I am now seeking to get into rental properties. I have been wanting to get into real-estate for the last 3 years, but due to school and other issues I could not. But this year I have no excuses and I will!

I am 24 and I've recently graduated College with my B.S in Architectural Engineering. I'm currently a Superintendent at a top Construction Company here in Memphis, TN. I bring in about $4500 a month. Lucky enough, I am currently staying with my parents and pay $800 in rent a month. I have around $10,000 saved up in my savings, set aside for my first investment.

While doing a little research and reading, I came across House Hacking and I feel this may be a good start for where I am now. My goal is to eventually own multiple rental properties to then have some financial freedom.

Is there any advice or tips anyone can give to help me start off in the right direction? I am just tired of saving my money & not doing any investing with it.

Thanks !

[Daniel McDonald]

I could give you endless tips but I am 100% in agreement with you. House hacking hands down. I know Memphis is a strong rental market to so you’re in a great spot. I’ve house hacked twice just outside Boston and it was the best decision I ever made. Happy to chat through my experience and answer any specifics you have.