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Updated over 7 years ago on . Most recent reply

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Dave Thomas
  • Denton, TX
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Newbie from Denton TX

Dave Thomas
  • Denton, TX
Posted
Hello, I'm Dave Thomas. I'm a newbie, not only to bigger pockets, but to real estate as well. I've been reading and studying about real estate investment for a few years but have yet to make a deal. I am still a renter. I was planning to try and buy property by this time this year but job situations changed and plans and time lines have shifted. my goal is ten buy and holds in ten years, by the time 40. Recently I went from managing a restaurant to working at screen print printing company. it's made me realize now more than ever that I can't keep going this route and I've decided that I'm going to get my real estate license from the local community college. I'm excited to join the bigger pockets community and began to network and continue to grow my knowledge in real estate.

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65
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43
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Dominik Makaneole
  • Investor
  • Kauai, HI
43
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65
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Dominik Makaneole
  • Investor
  • Kauai, HI
Replied

Once you get hit with the investment bug it will excite you to keep going.  What I mean is that first check you receive from a renter or a house you flip will be life changing.  In my humble opinion try to purchase your first home with some sort of attached rental unit you can use.  I'm assuming you will be living in it as well.  You probably wont be making positive cash flow but at the very least you wont be paying someone's mortgage down.  And be very, very, very, selective on whom you rent this unit to.  It will determine if you love it or hate it experience.  Good luck.

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