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Updated 6 months ago on . Most recent reply
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Early Stage Investor
Hello, I am a 23 year old looking to get into investing in properties and would love to connect with people in similar situations. I am looking to buy properties in the west coast or in Denver, Arizona, or Kansas areas. If anyone has experience or is getting starting buying properties in these locations and wants to connect to use each other as resources for this journey, hit me up.
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HI SAM,
You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.
There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible. Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy. This will allow you give a reference point on how much potential rent you can receive. (Max vacated rents - your monthly mortgage payment) = +/- net cashflow. Happy to connect and assist you in your real estate investing journey.
Happy to connect if you are interested to expand your portfolio