Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago, 12/01/2015

User Stats

2
Posts
0
Votes
Ryan Jones
  • Real Estate Agent
  • Snohomish, WA
0
Votes |
2
Posts

Aspiring investor who is graduating

Ryan Jones
  • Real Estate Agent
  • Snohomish, WA
Posted

Hi everyone, it's great to be here on the forum. I would like some advice on my best moves early on in my investment track. As a student coming out of school I have amassed around 40k in student loan debt. I have a potential career as a sales engineer for a few different companies I am interviewing for which should provide around 60k+/yr starting out. I also have a house for sale in Arkansas which should fetch around 150k before closing, taxes, and all that. I live in the bay area of California so investing here isn't really an option outside of owning a house for myself to live in.

What I would like to know is:

1)What is my best strategy to invest in an income property or properties after my house sells? (I was looking around the Austin area for multifamily homes that I could buy outright since I have student loan debt and not the best credit score, it's around 615 atm)

2)What should be my plan to invest in other properties once I find my first one to build passive income and pay off my student loan debt?

3)What should be my timeline to grow my passive income to where I can retire by say age 40? (I am 25 right now)

I appreciate any advice and hope to connect with more people on here to grow my net worth. Please feel free to suggest areas where I may be able to buy 2 or 3 investment properties as I will be looking around the middle of next year. Thanks for the help and happy early Thanksgiving to all those that celebrate!

Loading replies...