Newbie looking to find first investment

[Kourtney Gobert]

Any guidance on where I should start? What is the easiest route? House hack? or flip? I plan to use someone else's funds to acquire the property. Any advice would be greatly appreciated. Thanks!

[Jonathan Burmenko]

@Kourtney Gobert Kourtney,

I would suggest to start learning the market in which you want to invest in. Start learning the neighborhoods and pricing as well as the ins and outs of real estate contracts and the purchasing process. 

House hacking is definitely one of the easier ways to get into investing, you can purchase a SFH or 2-4 unit property, live in one unit and rent out the others to cover the mortgage. Then after one year you can move out and repeat the process. You can start with an FHA 3.5% down loan, although you will be highly leveraged... You can also partner with someone to put 20% down on the a similar property near you to learn management and how to work with tenants.

Hope that helps give you step 1 to work towards, remember experience will teach you the most and you make your money in the buy!