Super Newbie - Italian living in Washington

[Francesco Lemma]

Hi All,

Here I am starting this new adventure.

I'm completely new to this world but very excited. I know I have a lot to learn and I'm not afraid of that.

I'm in U.S. since less than 6 months and I'm looking to buy my first house and I want to do that thinking ahead of time and on how this house could be a good investment in the future (near).

I've learned a lot about the best practices on how to establish a good credit history and now I have to learn where to go from here through the path of REI.

As I'm new to this country there are a lot of things I can't do right now as far as I understand (investment loans require 2 years minimum residency as far as I understand).

Based on this the first step I'm planning to do is get rid of the my monthly rent and buy a primary residence where to live for the minimum time required by law and then rent it out.

This year would also serve as the time to learn and plan an investment strategy for the future as well as to keep on working on my credit.

Any suggestion is more than appreciated!

Thanks

Francesco

[Paul Timmins]

@Francesco Lemma

Welcome. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers).

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Consider checking out HUD homes for small multi's owner occupied gets first crack.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul