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Updated over 7 years ago on . Most recent reply
New member from Philadelphia PA
Hi BP nation, native Philadelphian here!
Just a little background to begin: I had nearly $80k in student loans when I got out of college. However, I never got financially responsible until 3 years ago when I realize I need to get these loans out of the way and so I really focused on being frugal and smarter with my finances and finally was able to pay off the student loans.
With the loans gone, I was able to really think about growing my income. I signed up for BP but never really dug deep into the real estate investing world. I chose to try my hand in stocks and funds instead, and that did not play out very well to say the least though I did learn a few things (maybe I'll give it another go another day).
Forward to today, and here I am. There is an overwhelming amount of info I need to educate myself with. I have been catching up on the latest BP podcasts for the past few weeks. I'm diving into REI with the mindset as if I know nothing. So far with what I've found, the idea of house hacking a MFH seems to be the front runner for where to start best for someone as new as me. I also would love to shadow or go through a typical day with a mentor to really show me the ropes of it all - this would be superb. Would love to hear more or better ideas for a complete newbie to get started.
Thanks, looking forward to learning more and hopefully get my feet wet.
Most Popular Reply
Thanks @Joseph Scorese, I dug too deep in the local forums yet but I'm sure that will change. Looking forward to getting much more involved especially as I'm starting out and making connections and networking.
@Michael James The tax is certainly high in many areas especially west and southwest of the city.
Would love to talk and discuss further and connect with as many people as I can.