Nathan Brock - Aspiring Investor

[Nathan Brock]

Good morning!

Nathan Brock over in Bend/Redmond, Oregon.

I'm new here and have yet to start investing, but I am very interested and learning a lot.

I am most interested in the passive income concept and escaping the "rat race."

Ecclesiastes in the Bible and Rich Dad Poor Dad are the two books that have me inspired to make this happen.

Initial capital is my biggest challenge. I have very little cash and home prices are high out here. I am also the sole income earner in my house.

On the bright side, I work for a home builder that offers a home discount (big win)!

Looking forward to meeting everyone and learning from your expertise!

[Cory Carlson]

@Nathan Brock Welcome to the forums. You will find a wealth of information here. I started my career living in Bend, actually my first transaction was a 4-plex in Redmond. Buying a conventional buy/hold property in C.O is difficult. Home prices are high and with moderate/high leverage debt service is a killer. 

I would consider owner occupying a property through your work, and if your life style fits, gets some room mates. This will subsidize your housing costs and start to introduce you to the benefits of housing price reduction, principal pay down and some tax benefits. BP coins this as a "house hack".