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Updated almost 4 years ago on . Most recent reply

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Joshua Faltysek
  • Houston, TX
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First Post on Bigger Pockets

Joshua Faltysek
  • Houston, TX
Posted

Hello all, I am 26 years old and I am looking to dive into real estate! I am currently listening to every BP episode from start to finish to gain as much knowledge as possible. However, I also understand learning through action and getting actual experience is much more valuable than listening to people talk about it. I plan on focusing on the buy and hold strategy to create passive income starting with residential properties and one day graduating into commercial multi-family properties. I am based in Houston, TX and hungry to learn. I would love to connect with investors in the area. Whether through REIA groups or one on one, I'm excited to learn from others in the industry.

If you were starting from scratch in your twenties, what is one piece of advice you would offer me?

Most Popular Reply

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Eric James
  • Investor
  • Malakoff, TX
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Eric James
  • Investor
  • Malakoff, TX
Replied

First, keep your personal finances in order. Live within you means and save 20% or more of your income for future investing. The more the better. Second, take a year or two to continue learning about real estate and investing. Then, when you have enough cash saved either house hack, or buy a primary residence that you will live in for a year and then rent out, buying yourself another primary residence that will later become a rental.

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