Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago,

User Stats

5
Posts
0
Votes
Long Thao
  • Minneapolis, MN
0
Votes |
5
Posts

Newbie with questions - Minneapolis, MN

Long Thao
  • Minneapolis, MN
Posted

Hello Bigger Pockets community,

This is my first post on Bigger Pockets so here is my story and I also would like to some tips or advice on my current situation.

I'm 25 years old and currently a student who will be graduating in two years with my bachelors degree. Coming from a poor family, the idea of financial freedom and real estate investing has never came out of the mouths of my family. I only found out about the possibility of financial freedom through a multi-level marketing company presentation. I never really got going in the company but then bumped into our guy Tai Lopez online and found his recommended books. Out of those recommended books, the first book I saw while walking through Barnes and Noble was Rich Dad Poor Dad by Robert Kiyosaki! This book got me on the path of REI and here I am.

Right now I don't make much money working part time and I'm currently living with my parents in my brother's house. My brother wants me to take over the house title so he can buy a new house for his family.  My plan was to save as much as I can and look for a small multi-family home to house hack but I don't know what is the best way to go about this.

My Brother's house I'm living in has around $130,000 on the mortgage but is currently valued at around $230,000 right now in a great neighborhood in Brooklyn Park, MN.

My plan to finance a multi-family home was to utilize my VA home loan and put about a 10% down payment. I also need to study a lot more about real estate!

Let me know what you think I should do to get started in REI and thank you spending your time out of your day to read my story!

-Long Thao

Loading replies...