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Updated almost 10 years ago, 04/07/2015
Intro - 20 years old - house hacked my first property
Hello all!
My name's Roc, I've been interested in real estate ever since reading rich dad poor dad when I was 16, I realized I need to be on the investor/owner side of life so I started changing my mindset to be that way. My dad has transitioned into devoting all of his time to real estate investing as well and is working on a few projects which inspired me to take action as well.
Through the local REI group and the connections I was introduced to there, the BP podcast, blog posts, and ultimate guide, as well as the occasional fatherly guidance I pulled off a goal I wanted to reach before I turned 21. I actually wrote down the goal to own my first property before March of 2015 with no idea how I would achieve it, but its weird the way things written down workout...
Anyways, I bought a duplex in the Meridian, Idaho area using the 3.5% FHA loan method and I will owner occupy it for the next year. I do not have the exact calculations with me because I am at work right now but would be happy to talk about the deal for those who want to!
I do have one question for you all.. If you were me and you wanted to do more deals how would you go about doing the next deal? Or is there any advice you would give a 20 year old?
I cant do the FHA loan again and I want to acquire more multi families looking forward to hearing what you all think.
Thanks!