Hello Everyone New to BiggerPockets!!!!

[Chris Terborg]

Hi All, New to Biggger Pockets as a REI. I am into all oportunities of this aspect. Any and all advise is welcomed!!

[James Carlson]

@Chris Terborg

Like @Nicholas L. always put succinctly, house-hacking is a great way to start, if you're open at all to roommates. (There is also the multi-family house-hack where you buy a duplex, live in one side and rent the other, but A) those are harder to find and B) the numbers don't work as well as rent-by-the-room.)

So for instance, in Denver or Colorado Springs here, house-hacking would be buying a 4-5br home. You live in one room, you rent the other 3-4br separately to individuals. Here in Colorado, you can get $800-$1000. So that's conservatively $2400-$3200/mo that someone else is paying for your home. 

Save what you would have spent, build up a nest egg and then buy another in a year or two or three. When you move out of the first place, you rent the remaining room you lived in. Rinse and repeat over and over. After 5-7 years, you've got a handful of properties paying for themselves.