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Updated about 9 years ago on . Most recent reply

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Carl Schultz
  • Appleton, WI
1
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1
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Newby's to House Hacking

Carl Schultz
  • Appleton, WI
Posted

My sons and I would like to begin our journey into real estate investing, in particular house hacking. They are in their mid 20's, I am in my mid 50's. 

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Jesse Peña
  • Charlotte, NC
69
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177
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Jesse Peña
  • Charlotte, NC
Replied

@Carl Schultz 

Welcome to BiggerPockets! Below are some links to get you started. 

I received this info from @Nathan Sharp when I first started.

http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/(house rental guide)

http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/(how to buy a rental property)

https://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/ (How to buy a small multifamily property)

http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/(guide to buying a duplex)

https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals)

The bottom line is that you must take action to start.

Don't get bogged down with analysis paralysis. You must take risks, but, ensure that they are calculated risks.

Below are some more links to get you started.

https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)

https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)

REI books suggested by BPers

https://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)

http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)

Before making your 1st REI purchase please visit the link below for some useful tips

https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/

Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.

Feast on the BP Podcasts, #askbp Podcasts, BP blogs and BPwebinars

Much success to you!

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