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
Multi-Family and Apartment Investing
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 about 1 year ago on . Most recent reply

User Stats

5
Posts
7
Votes
Joey Keske
  • Investor
  • St. Petersburg, FL
7
Votes |
5
Posts

Starting real estate investing as a married 24-year-old

Joey Keske
  • Investor
  • St. Petersburg, FL
Posted

Hello, I am wanting to begin real-estate investing in the St. Pete area and have a few questions that I would like to know more about if anyone is willing to help out. I am new to real-estate investing and want to purchase my first property by the end of this Summer. I am searching into multi-family properties, moving into one unit and renting out the others, then eventually moving out and renting out all units. From your experiences, is there any advice you could give on location within St. Petersburg and the surrounding areas, if this market is in a good spot to jump in, or if it might be better off to wait or go into single-family home investments? Also, are there certain areas I should be searching deeper into within the St. Pete area that tend to be more positive as far as multi-family properties? Would love the insight on how I should get started in this search or if I should go a whole different route from someone who has experience in this line. Also, would love to talk with any of you separately to gain more insight on the area as well as my thoughts. 

Most Popular Reply

User Stats

326
Posts
536
Votes
Carlos Valencia
  • Lender
  • 92703
536
Votes |
326
Posts
Carlos Valencia
  • Lender
  • 92703
Replied
Quote from @Joey Keske:

Hello, I am wanting to begin real-estate investing in the St. Pete area and have a few questions that I would like to know more about if anyone is willing to help out. I am new to real-estate investing and want to purchase my first property by the end of this Summer. I am searching into multi-family properties, moving into one unit and renting out the others, then eventually moving out and renting out all units. From your experiences, is there any advice you could give on location within St. Petersburg and the surrounding areas, if this market is in a good spot to jump in, or if it might be better off to wait or go into single-family home investments? Also, are there certain areas I should be searching deeper into within the St. Pete area that tend to be more positive as far as multi-family properties? Would love the insight on how I should get started in this search or if I should go a whole different route from someone who has experience in this line. Also, would love to talk with any of you separately to gain more insight on the area as well as my thoughts. 

 Hi Joey, 

This is a great strategy on getting started. This strategy is known as House Hacking which means buy as primary and rent out the other units or rooms so they can help pay for your mortgage. Many of our clients use this strategy to get their foot in the door. This strategy also teaches you how to be a landlord . Another great thing about house hacking is that you can slowly rehab the property if needed or if your looking to get higher rent. I'm not super familiar about the area your looking to purchase in. I cannot advise on that. I can advise on the financing part in terms on how to structure your loan and making sure you have an exit strategy that will allow you to continue to purchase your next investment and continue to rinse and repeat. Make sure that whoever you decide to work with that they know how to help you navigate and provide you with the best financing options for your scenario in order to start on the right foot. 

@Albert Bui @Matthew Kwan

Loading replies...