Young Spokane “Future Investor”.

[Jack Walker]

Hello BiggerPockets, 

My name is Jack Walker, I am 21 years old and want to begin the journey of investing in real estate. Specially, I want to start house hacking in a du-tri-quad-plex. I am also considering AirBnB as an option for cashflow. I currently work as a bartender/server at The Melting Pot in downtown Spokane, WA. I currently am living in an apartment in which my roomate(due to illness) moved back in with his parents 2 months before the lease was ending. I was really sad to pay 1010$ a month not including WiFi and electricity by myself. Before, I had lived in the guest bedroom, and even rented out the living room so that my rent was only 300$. The living room guy didn't last too long though. Either way, paying 1k was a lot more for my financial situation. I couldn't find any roommates by posting on Craigslist or asking my friends because no one wanted to live in an apartment for just two months, and then move back out. Then, I listened to BP podcast 252 and heard "how can I turn my liability into an asset" when no one wanted to move in? I just started an AirBnB last night within minutes, literally. Next morning I get a notification that So&So is arriving that day at 5 pm and that I was getting 40$ ‘back for rent'. Although I'm still negative, I still have some cashflow lessening the blow from no cashflow at all. After Oct. 1st, im going to live with my parents and save up enough money for a down payment on a duplex using an FHA loan, unless I can find a partner to go for a full 20% down with a traditional loan. Probably still going to do 3.5% down on a duplex. BRRRR method. And that's my current plan and situation.

[David Clinton III]

hey @Jack Walker, welcome to BP! Great plans... this is an excellent place to learn and meet other like-minded folks. I’d recommend checking out this article as you get started: https://www.biggerpockets.com/renewsblog/20-team-members-newbies/

If you ever wanna grab coffee and talk real estate, let me know. Happy to meet up in person.