New Member Introductions
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,
Need Tips and Advice
Hello everyone, my name Saul and I recently started to get really interested into real estate investing. I been listening to the pod cast and watching lots of bigger pockets videos/reading books forums post. I finally decided to take action and start learning and working towards my first deal! I just wanted advice and tips on what paths or what's the best/easier path that fits my situation. Now here is my situation:
I am 20 years old living with my parents and work full time 7am-4pm as a CAD designer earning $2,000 a month (after taxes). I stopped going to college because I felt school was not for me. Am the kind of person who likes to dive into business and learn from experience plus all those lectures and homework give me headaches. I was in dual enrollment in high school so I did get my AA which is really nothing nowadays. Now I been hitting the books and studying different strategies that I can dive into. I really like the idea of house hacking because am young and single or flipping houses using the BRRRR strategy. I live in Ocala, Florida which is south of Gainesville and north of Orlando. There aren't many duplexes and triplexes around this area or nice ones anyways (which is what I want to get into) but there are plenty of single family homes so I don't know if that's more convenient for me. Also I have about $2,700 saved up and have minimum bills & no debt so I just started saving up to $1,000-$1,200 per month. I been working at my job for 2 years now so I think I qualify for a FHA loan and I never bought a house before.
What do you guys recommend I do? I am most definitely going to need to keep saving and learning for another year or so but what do guys recommend I do when I have some money saved up? Should I quit my job and move to Gainesville or Orlando? Should I try to find a good deal on a single family home in this area? or should I just quit my job and get a real estate license so I can save money on deals and stuff like that? Any help/tips with those questions will be greatly appreciated. I look forward to being part of this awesome community and learning/helping others!!
Thanks, have an awesome day :)