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Updated about 8 years ago on . Most recent reply

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Russell Lightfoot
  • Jacksonville, FL
1
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New Member From Jacksonville FL

Russell Lightfoot
  • Jacksonville, FL
Posted
Hello all, My name is Russell Lightfoot. 25 years old, bachelors in Mechanical Engineering from Georgia Southern University. 3 years in high speed manufacturing, currently a Business Process Manager over a bottle line at Anheuser-Busch Brewery. As far as background in real estate it is prerty close to zero. Never bought a house, currently renting in a high rise off the St. Johns river, but I am looking to invest in rental property. Goal would be sometime down the road be self sufficient off the properties. Looking for advice on making the jump into that first property. Lots of questions will come as i continue to read off this site but if anyone has areas to point me in the right direction feel free. I'm very open to any and all advice. Look forward to meeting some of you and getting to know others through the site. ..and if anyone is curious, beers are on me!

Most Popular Reply

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Ralph C.
  • Real Estate investor professional
  • Suwanee, GA
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Ralph C.
  • Real Estate investor professional
  • Suwanee, GA
Replied
Originally posted by @Russell Lightfoot:
Hello all,

My name is Russell Lightfoot. 25 years old, bachelors in Mechanical Engineering from Georgia Southern University. 3 years in high speed manufacturing, currently a Business Process Manager over a bottle line at Anheuser-Busch Brewery.

As far as background in real estate it is prerty close to zero. Never bought a house, currently renting in a high rise off the St. Johns river, but I am looking to invest in rental property. Goal would be sometime down the road be self sufficient off the properties.

Looking for advice on making the jump into that first property. Lots of questions will come as i continue to read off this site but if anyone has areas to point me in the right direction feel free. I'm very open to any and all advice.

Look forward to meeting some of you and getting to know others through the site.

..and if anyone is curious, beers are on me!

 Since you are only renting, have you considered house hacking? Buy a small mf dup, tri or quad..

Live in one and rent out the others while you gain equity cause hopefully you bought it right, learn how to manage tenants,learn real estate by doing  and rinse and repeat with other units.  

Entry cost is a low down payment vs investor's dp of 25 to 30%...

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