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Updated over 7 years ago on . Most recent reply
New Guy in Rhode Island
Hello Bigger Pockets! I'm Brian and living in Rhode Island, trying to get into Real Estate. Currently 'trying' to finish my final year of college and have been looking for ways to help with all the student loans there. I don't know a whole lot about real estate but have always been interested in the business, and working to improve my knowledge thanks to some great info here!
My goal is to get involved with real estate investing to help pay off the student loans, but really would like to take it further and be solely into the real estate business. Would definitely be into house hacking, but if i could work that into renting multifamily houses that would be the ultimate goal. If the opportunity came to try flipping Would definitely be intrigued but want to try and focus on a single strategy to start.
Well thanks and hope this was at least a somewhat decent introduction, and would greatly appreciate any advice for investing! And I know I don't know much but would willing to help in anyway I can!
Most Popular Reply
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@Brian Flood Welcome to Bigger Pockets! It's wonderful that you're getting started at such a (relatively) early age - the lessons you learn about real estate now will serve you well for the rest of your life.
If you're open to house hacking, living in one unit of a multi-family property and renting out the other unit(s), then I think you can learn a lot, especially if you combine it with some of the resources you can find here on BP and in real estate groups near you such as RIREIG and Black Diamond REI.
I usually recommend that path (house hacking) to people who don't strongly lean toward something else like rehabbing, just because chances are good you have some experience already as a renter/tenant, so it's a good and natural transition to then provide services to others in the same way.
Even if you ultimately, down the road, end up using property managers, you'll still be able to manage those managers a lot better if you have personal experience managing a property or two of your own (and managing those tenants).
I hope this helps and again, welcome to Bigger Pockets!