Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 17 years ago,

User Stats

23
Posts
0
Votes
Mike Sales
  • IN
0
Votes |
23
Posts

New to the forum..want to start REI

Mike Sales
  • IN
Posted

I'm a 23 year old college student. When I get out of the military(officer). Instead of buying a home, I'm confident, that I'm buying a 4 unit owner occupied, live in one and rent out the other three. Hopefully, If I finese it right I should be able to cover the mortgage on the place, and live rent free. The savings over a 5 year period, I want to start to invest in real estate as long term investment vehicle. My goal is is establish an LLC, and hopefully acquire about 100 units over the course of my life. I figure if I'm able to reach this goal and hold and let the tenants pay of the mortgages, I'd have considerable net worth and plenty of cash flow in retirement. Obviously a lot can change. But I'm pretty set in my belief that real estate is a long term investment vehicle that is relatively safe. My question is what is the best strategy to go about this as safely as possible? It would take forever doing this by acquiring two and 4 units.

Loading replies...