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Updated about 4 years ago on . Most recent reply

User Stats

19
Posts
6
Votes
Jaime Bisbey
  • Morgantown, WV
6
Votes |
19
Posts

Question on investment options

Jaime Bisbey
  • Morgantown, WV
Posted

Hello, I am new to BiggerPockets and the world of real estate investing. I am not even sure if I will receive any responses to this, but I figured why not put a question out there to get some opinions that I may be able to research more and expand my knowledge? I am currently reading a few books, and just started exploring the BiggerPockets forums and tools the site has to offer. 

Let me lay some background for my question. I have just graduated college, bought my first house with my fiance, and work a basic 9-5 during a world wide pandemic. I know I will enter the industry of real estate investing, I just want to gather enough knowledge and the right connections and networking before I do. 

My question is, if you were in my situation, with 25-30k ready to invest in my first property, where would you begin? This is a broad question, and in no way am I looking to just listen to any response I am given, I am just curious of ideas and opinions. Maybe your response will be driven by some experience or knowledge I do not have, that will help me learn! Thank you for reading, and any response or opinion you may have for me. 

Most Popular Reply

User Stats

136
Posts
79
Votes
Annie Johnson
  • Realtor
  • Seward, AK
79
Votes |
136
Posts
Annie Johnson
  • Realtor
  • Seward, AK
Replied

I am no expert... But if I were you I would keep up on the reading, podcasts, and networking like you are doing now. Connect with experienced investors in your area. Figure out your goals and put together the steps to make it happen. The best way to save on your biggest expense is to house hack. Learn to run your numbers on properties and go from there! Are you pre-approved? That is the hardest part. Don't get stuck in analysis paralysis. The first deal is the scariest. 

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