New House Hacker in the DC Metro Area

[Jordan Carnes]

Hey everyone! My name is Jordan and i'm a 27 year old single guy working as a federal contractor in the DMV. I started investing about 5 years ago and really started getting serious in the last 2 years. Now that I feel like I have a pretty decent foundation for my retirement portfolio, i'm ready to start exploring other avenues to invest my money. Real estate investing has always been a mystery growing up, so i'm excited to take on the challenge.

My initial plan is to make my first investment a house hack since i don't have any family obligations. I'm wanting to find a single family home to live in and have 2 or 3 roommates. I've lived in DC a little over a year and it seems like most younger people are either renting apartments or have roommates.

I'm looking forward to learning more from all the veteran real estate investors out there!

[Brett Snodgrass]

Awesome @Jordan Carnes  

Just a little tip from me, 

The biggest thing is to learn in a “needs­only” incremental approach and to take action. When you are just starting out, there is so much information out there that it’s easy to get bogged down. First determine what strategy you’d like to start with. Then only learn what is needed for the next step. Then once that’s completed, learn what’s needed for the following step, and then the next and so on. This way, you won’t get distracted or overwhelmed. If after you’ve done some deals you want to try a different strategy, that’s fine but when first starting out pick something and stick to it until the end. Whether it’s getting your first flip down, wholesaler deal or rental property, choose only one, see it through and then assess if you’d like to make any adjustments from there. 

Take your time on this real estate stuff. 

God bless.