Investing as a doctor

[Mohammad Khudirat]

Hello everybody.. I'm Moe and I'm a young doctor in Texas. I've always been interested in real estate especially in apartment complexes. In a few years, I'm going to start making some pretty decent money and was wondering if there are any resources you guys recommend for apartment complexes or any other kind of real estate investing. It could be books, videos, I'm open to learning anything!

Until I start making and attending physician salary, should I try getting into the duplex/multifamily world?

Thanks!

[Ivan Terrero]

@Mohammad Khudirat

Congratulations on your first post on BP!

I see you are in NY. As an ex New Yorker, I would house hack first before investing outside the tri-state area.. Build up cash, learn from all the free resources here on BP.

Ivan Terrero, DDS

[Wale Lawal]

@Mohammad Khudirat

To get started in real estate investment, read works such as "The Millionaire Real Estate Investor" by Gary Keller, "Multifamily Millionaire" by Brandon Turner, and "Rich Dad Poor Dad" by Robert Kiyosaki. Use internet tools such as BiggerPockets, Graham Stephan's and Meet Kevin's YouTube channels, and BiggerPockets Pro online courses. Network with experienced investors and agents,  also think about investing in duplexes or small multifamily buildings for rental revenue and cash flow. Begin small by house hacking a duplex or triplex, then join local investing organizations. Starting with smaller properties may give you vital experience and position you for success.

Good luck!

[Jake Rhodes]

Congrats on your progress to this point. Once your income increases and becomes steady, you will be in a great position to passively invest. I would highly recommend "House Hacking" with a 2-4 unit building. Live in one unit and rent the others.  

This will get your beak wet and allow you to learn while living for free or close to it.