Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

6
Posts
0
Votes
Michael Monroe
0
Votes |
6
Posts

What should my first step be?

Michael Monroe
Posted

Hello

I just graduated college, and I am beginning the job search. I already know that I do not want the W2 life, and I am truly passionate about real estate investing. I want to start investing ASAP. I plan to use first time home buyer money in March to get myself into a house hack. 

Personally, I am looking for a W2, because I do understood having that will help me when it comes to obtaining loans. However, I live with my cousin and we took the house over after a family member passed a couple years ago. He is not big on investing but he would definitely be interested in taking a HELOC if I found the right deal. I am also fortunate enough to have a family member who is well off that is very supportive of me investing, so if I find the right deal he most likely would be very interested in helping me.

So what should I be focusing on? I know forsure that the W2 job will not allow me to save at the rate I need to get to financial freedom in the timeline I want. Should I be focusing on finding a great deal then bringing it to my relative? Talk to my cousin about the HELOC? Personally, I would like to find a flip or even a great BRRRR so that I can grow my capital.

Loading replies...