Socal beginner that can save $3500 a month

[Samuel Gates]

Hello,

I am located in Southern California and I’ve been doing my research on RE investing and want more exposure (how to go about finding meet-up groups, where to start, mentors).

Currently I work in the IT field making 100k a year. I currently work from home and I can save $3500 a month with 10k in cash currently. I want to save up another 30k in the next 8 months to have 40k to invest. I also currently have an old school hod rod that is fully restored and can sell for about $20k-25k can i use this in any way? My goal house hack and get into a multifamily commercial unit and then snow ball from there. Any suggestions on what i should do in the meantime (wholesale, bankruptcies).

Thanks,

[Greg Scully]

@Samuel Gates - Start meeting people (investors, lending, realtors) in the area you want to house hack.  Define what will be financially necessary to reach that goal and write it down.  Reverse engineer the goal based on a timeline.  

If you own the car outright it will show as an asset on your balance sheet.  It's not as good as cash, but it's more fun to drive.