Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
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 over 1 year ago on . Most recent reply

User Stats

5
Posts
2
Votes
Dakota McClish
2
Votes |
5
Posts

Real estate investing plan!

Dakota McClish
Posted

Hello, my names Dakota! I'm 21 years old and I was just looking for some advice or a simple "your heading in the right direction" (or not). So me and my girlfriend live with her grandma right now so very minimal monthly cost, we plan on just working and saving for the next 2-3 years. Once we are ready we planned on moving out (moving to a different state) and getting ourselves a 2-4 unit property with an FHA and house hacking we figured we could break even and or make a little bit of cash flow and then continue to grow by probably re financing the first property and getting another with and FHA or just getting another as an investment property and then hopefully continue to do that as much as possible over and over again. (I know things can change and maybe we will do some short term rentals or mid term and even start getting commercial properties with lots for units, but for now our plan is to just slowly build up properties throughout the years). My main concern is I keep seeing people say real estate is dead or just worse because no cash flow or this and that(even friends and family getting in my head saying my plan is a bad idea) but we don't even plan on buying for the next 2-3 years so who knows what it will be like then, obviously we are in it for the long run but it would also be nice to make some cash flow on every property possible and I always just say even a couple hundred is good I don't even expect to cashflow thousands off each property. Can you still cashflow or can I still expect to if I stay patient and find the right deals? Sorry if this is a lot just looking for an answer on my specific plan and case, thank you!

Most Popular Reply

User Stats

25
Posts
74
Votes
Replied

Man you are so young! What I would suggest is learn before you even put your money into a deal, get guidance, the right moves now, can make your future great, worrying less and less about money and have your future secured!

Loading replies...