Maybe Real Estate Investing Is for Me

[Colin Mills]

Hi all, 

My name is Colin and I am a 24-year-old software engineer working remotely from Brooklyn, NY. I have always been interested in owning property and the potential cash flow of renting it out, but always felt like that was a "someday" goal and not something I could tangibly achieve soon. I was motivated by the exorbitant cost of rent in NYC -- wanting to start putting my rent money towards equity, rather than lining another investor's pockets.

After picking up Brandon Turner's, The Book on Rental Property Investing, I have been sold on the idea that my only limitation is me taking the first step. Given the barrier to entry is so high in this city, I am hoping to find a house hacking deal (likely accompanied by an FHA loan) that will empower me to live for free so I can further build up my wealth to take the next step.

Although I am early on in my investing career, I am interested in building a network of real estate investors who have been down this same path. A few areas that I am specifically interested in are:

- Getting started investing in high COL areas

- The ins and outs of purchasing property in NYC

- Building the right team

- Leveraging FHA and other first-time buyer programs that I might leverage

- Meeting and building relationships with local and distant investors