First Post, Is 10,000 enough to get started?

[Miguel Matos]

Hello, I am new here.

Currently I live in Japan teaching English, however I decided to move back to Florida in about 1 year from now. I realize here that creating passive income here through real estate is pretty much impossible since you have to be a citizen to even own a house. Not to mention the houses built here only last 30 years.

Anywho my plan is to put roughly $1000 aside each month so I would have around $10,000 when I return to Florida. I don't really know what to do from there. I would like to buy a place to live in so I am considering house hacking. However on zillow there doesn't seem to be any tri-plexes in my area at the moment so maybe a duplex would work.

I literally have no clue what I am doing. During this year I plan to start reading real estate books and listen to podcasts to build knowledge. If you had the 10k how would you spend it? My goal is to build rental properties and eventually have someone watch over the properties for me.

Thank you

[Daniel Mills]

Hi @Miguel Matos ,

My name is Daniel Mills. I've lived and worked in Japan for the past 12 years. I started out teaching eikaiwa and now I'm a tenured professor at a university (after earning a masters and doctorate degree). I started RE investing 2014 and have since built up a personal portfolio of 9 SFH rentals as well as 20 duplexes which I own with some partners. Those properties are located in Alabama, Idaho, and Tenessee. I'd be happy to FaceTime or meet up, if you're in Kansai, to talk about how I did it. Please send me a message.

Daniel