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Updated about 6 years ago, 10/25/2018

User Stats

6
Posts
3
Votes
Dozie Nwankwoh
  • Houston, TX
3
Votes |
6
Posts

New graduate moving cities looking to start investing

Dozie Nwankwoh
  • Houston, TX
Posted

Hello BP Family!

I'm new to this site and very new to the world of investing. 

I've spent the last year or so researching different techniques of real estate investing and I believe I've settled in on the best strategy for me! I'm graduating college in mid December and will be starting a job in a different state in mid January.

I want to house hack a duplex using an FHA loan. I believe this will provide me valuable landlord experience as well as valuable experience in finding, rehabbing, and owning property.

The challenge is... I currently live in Atlanta, GA and the property will be in Houston, TX. I would prefer to have the duplex ready for me to move in by mid January. This would require me doing a lot of coordinating remotely. Is this smart for a novice investor? There are many challenges that I'm sure I'll run into and I'm really excited about the learning opportunity but worried about the feasibility. Another option would be for me to rent a living situation in Houston and begin finding a duplex once I get there.

If you've made it this far in my post, Thank you! I would love advice:

Is this a situation you've heard of before--what would be my first steps?

Which option would you pursue if in my shoes?

Thanks for reading and for ANY thoughts you can provide!

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