New Member, Ready to Learn

[Katrina Welch]

Hello Everyone, I'm Kat. I am a new member and I'm here to learn what it takes to become an REI. I look forward to connecting with many of you and learning as much as I can to get started on my journey. Thank you for having me here!

[Steven Foster Wilson]

Hi Kat, first of all, welcome to BiggerPockets! This is surely the best place to start networking and learning. Do you already have a specific strategyin mind for your real estate venture? For starters, I love the idea of househacking. 

It allows you to significantly reduce your housing expenses by purchasing a property with multiple units or extra space, you can live in one unit and rent out the others. The rental income you receive from your tenants can help cover your mortgage payments, property taxes, and other housing expenses, making it an effective way to decrease your housing costs. Try to look it up, you might find it interesting.

Also, 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 and 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. All the best to your real estate journey!