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Updated almost 3 years ago on . Most recent reply
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Introduction of Myself to the Community
Hello, My name is Britton. I'm currently a Civil Engineer and love my Job. Although its not exactly what I want to do for the rest of my life... I recently looked into real estate investing and came across the BiggerPockets community and I got to say I am extremely intrigued. I've read most of the books by Brandon Turner and Dan Greene, and I'm ready to drive into this Real Estate investing and buy my first rental property.
What are some of the best ways to get a quick launch on buying my first property? I am worried about the rates in this market and where they are headed.
Most Popular Reply
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Hey Britton, could you look for a property with an ADU (accessory dwelling unit)? That might be another way to think about "house hacking". My boss at my day job had something similar that he rented out, and I believe he had a family of 4 at the time. My parents also owned a property with a mobile home in the back yard. My grandparents lived there while I grew up, but it could have been a potential source of income if rented. I don't know if all this would change things with the low down payment options though.