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Updated over 7 years ago on . Most recent reply
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Hungry Newbie investor looking to get started in Philadelphia
I am a college student living in the Philadelphia area. Have been very interested in real estate investing for a few years now. Spent the last couple years working, reading, and listening to podcast about real estate. I am starting to look for my first deal, and very interested in possibly house hacking for my first investment. Any suggestions for me? I would love to hear anyone's input. Thank you.
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Step 1 move to Pittsburgh, just kidding lol.
Find a nice duplex in your area where one side pays the mortgage for both sides and live for free. You might want to call some for rent ads in your area and see if any of those people will sell you a house. You can find burned out landlords and people who wanted to sell but failed this way. Either of those groups are ripe for a creative finance offer which will cashflow without you having to make much if any down payment.