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Updated almost 2 years ago on . Most recent reply
Aspiring Investor in Atlanta, GA
Hello,
My name is Andres (you may call me Andy), I'm a single full-time employee who's been working for the same company for the last 10 years, ever since I got hired and brought here fresh from university.
I'm looking to get into Real Estate as it really seems to be the better option to genuinely achieve financial freedom, I'm not looking to become rich, I'd just want to be able to retire from the 9 to 5 and be able to focus on other activities that are fulfilling for me.
My current plan to get started is to house hack, ideally in a multi-family, or either renting / living in the basement of a single family if nothing else becomes available. Been looking at the MLS / Zillow (Georgia) listings everyday and running the numbers. Read Zuber's and Turner's books this month and have analyzed over 50 properties in search of a good deal so far. Found two but they were taken pretty quickly, which was exciting since it showed me my analysis is going on the right path. Right now it seems most deals won't work for me, but I will be constantly in the lookout.
This is all so new to me, it's requiring a massive shift in mindset... I am scared, my family most likely won't support this decision, but this motivates me to prove them wrong and make them proud in the end.
Hope to meet the right people who can help me in my journey, so that I can also help others in the future. I'd kindly appreciate any tips from any experienced people.
God bless you all, hope you have a wonderful week.
Most Popular Reply
Quote from @Steven Foster Wilson:
Quote from @Andres Munoz:
Hello,
My name is Andres (you may call me Andy), I'm a single full-time employee who's been working for the same company for the last 10 years, ever since I got hired and brought here fresh from university.
I'm looking to get into Real Estate as it really seems to be the better option to genuinely achieve financial freedom, I'm not looking to become rich, I'd just want to be able to retire from the 9 to 5 and be able to focus on other activities that are fulfilling for me.
My current plan to get started is to house hack, ideally in a multi-family, or either renting / living in the basement of a single family if nothing else becomes available. Been looking at the MLS / Zillow (Georgia) listings everyday and running the numbers. Read Zuber's and Turner's books this month and have analyzed over 50 properties in search of a good deal so far. Found two but they were taken pretty quickly, which was exciting since it showed me my analysis is going on the right path. Right now it seems most deals won't work for me, but I will be constantly in the lookout.
This is all so new to me, it's requiring a massive shift in mindset... I am scared, my family most likely won't support this decision, but this motivates me to prove them wrong and make them proud in the end.
Hope to meet the right people who can help me in my journey, so that I can also help others in the future. I'd kindly appreciate any tips from any experienced people.
God bless you all, hope you have a wonderful week.
Hi Andres, welcome to BiggerPockets! This is for sure a great platform for networking. I always recommend the book “Rich dad, Poor dad” by Robert T. Kiyosaki to anyone starting out. Start listening to the BiggerPockets podcast starting at the very beginning. Start growing your network, look on Facebook/BiggerPockets for different events, find a mentor doing what you want to do, and get to know the local lenders/brokers.
FHA is a great starting point, be sure to talk with local lenders about their first time home buyer programs, some have 0% down, no PMI, etc. House Hacking can allow you to get started with appreciation and cashflow with very little down, you can even BRRRR it like I did if you add value! You can find more information about house hacking from this link here: https://www.biggerpockets.com/... best of luck on your real estate journey! Hope this helps.
Hello Steven, thanks for the input. I have already read Rich Dad, Poor Dad and Rich Dad's Guide to investing, which helped turn my mind more seriously into Real Estate!
I will check out the link you provided and thanks for the good wishes!