Aspiring investor with unique situation - how to get involved

[Nick Parenti]

Hello everyone! My name is Nick Parenti and I am an aspiring real estate investor currently located in Boston, MA. I've been reading, researching, and listening to Bigger Pockets podcasts for the past several months after reading Rich Dad Poor Dad and falling in love with the idea of real estate investing. I'm having a bit of a dilemma on what to do next; any advice anyone may have is greatly appreciated. 

My goals and aspirations for my real estate investing is to own long-term buy & hold rental properties. After researching, I know that the path I want to take to get started will be with a house hack. Here lies the dilemma...as I mentioned, I currently live in the Boston, MA area. However, I have plans to travel the world for about a year or so throughout Europe and Asia in summer of 2022. After that, I plan to move out to the Denver/Boulder, CO area and settle down. Therefore, I don't think it's in my best interest to start to set up my real estate empire in Boston in the next 8-10 months before I leave the country for a year, and then move out to Colorado for good. My question to you all would be: how can I use these next 8-10 months effectively to move towards my goals with real estate investing? I look forward to hearing from you all and want to thank everyone in advance for giving your advice!

[Grace Wang]

@Nick Parenti hey Nick! Such a great plan, and i may be biased, but you’ll love denver.

For the next couple seasons I would continue to educate yourself through books and podcasts and start analyzing deals. I would also encourage you to get connected with a lender and start planning the steps you need to take in order to purchase a househack next year. You might have to adjust your credit score or save some more cash for the down payment. You’ll also get a good idea what you can qualify for when the time comes. Hope this helps!