Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago,
Beginner
Hey guys!
New to the forum; but serious about it.
Hopefully I can get some guidance and I didn't mess up too bad.
I'm 21 years old, live in NC.
I recently bought a town home about 2 weeks ago thinking of turning it into rental property down the road. Went through a first time buyers program, it's a 5/1 ARM loan(thoughts were Refi in a few years after credit history is established)
Currently I have 2 roommates, so technically it is rental property as it costs $1600 with all bills included and the roommates pay $1200 total in rent so it costs me about $400 to live here.
Trying to get into real estate investing, what do I need to do from here.?
Any and all advice is appreciated..
Side note: credit is marginal due to credit card debt, that will all be paid off in a few months as I now have decent income (95k/yr). Only about 3 years credit history.