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 over 7 years ago,

User Stats

3
Posts
1
Votes
Jarrett Bochniak
  • Troy, MI
1
Votes |
3
Posts

New Investor Looking for Guidance- Michigan

Jarrett Bochniak
  • Troy, MI
Posted

Good morning all, 

My name is Jarrett and I have recently joined BiggerPockets and love everything the site has to offer so far!

I am a recent college grad, have a full time job, and have saved up 10k in capital. I currently have a 401k through work and, in addition, have been putting the max toward my Roth IRA every month. I am looking to add a little more cash flow monthly. I am seeking guidance as to whether 10k is a nice starting figure or if I should continue to save more?

I was thinking about going the FHA route and getting a small multi-family property as my first investment. I would live in the house then rent out the other unit.

Any/All advice would be greatly appreciated. 

Loading replies...