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Updated about 5 years ago on . Most recent reply

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Colton Adair
  • Washington, UT
0
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New to Real Estate Investing (Utah)

Colton Adair
  • Washington, UT
Posted

Hello!

I am new to REI and am hoping to start in the next year or two. I am looking to invest in rentals, but am unsure of the best way to start and how to finance an investment. I am a full time student in a nursing program and I work full time at the hospital as a CNA. We have some savings, but we also have a baby coming in March. We bought a condo last year when we moved to Washington, UT. I am wondering what peoples suggestions are, if I should wait to invest until after I graduate? If there is a better form of real estate investing that might be better until I graduate? I am open to thoughts and suggestions. I am here to learn, prepare, and start to take action. Thanks so much in advance!

Most Popular Reply

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397
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317
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Amy Kendall
  • Real Estate Broker
  • Lehi, UT
317
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397
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Amy Kendall
  • Real Estate Broker
  • Lehi, UT
Replied

@Colton Adair  Welcome to the forums and congrats on the upcoming addition to your family!  House hacking would be a better strategy for you in your situation right now.  Perhaps you could rent out your condo and also do a house hack, or you could sell the condo and get into a situation where you can at least save most of your monthly housing expenses.  That will go a long way to help your investing future!

  • Amy Kendall

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