First Time Investor

[Drew Joseph]

Hello, my wife and I are currently looking to move to Charleston, WV while she completes her final two years of medical school. I am also wanting to start my REI career while working full time. I am trying to figure out the best way to find housing for us while also tying it into a smart first investment move. Here are the options I have thought about. Any ideas on which route you would take?

1. Buy a house, fix it up, and sell after she is done in two years.

2. Find a multi-unit complex and house hack. 

3. Buy a long term rental and BRRRR. While we rent somewhere else for two years.

Any comments, feedback, or ideas would be awesome! Thanks!

[Matthew Irish-Jones]

@Drew Joseph number 2 is the best option if you don’t have a lot of experience. Do as much as you can to improve the property while you line there, move out when you are ready and rent your unit out. Now you have your first investment property.

The BRRRR method is high risk!