Getting started: Planning Ahead

[Tristan Dunn]

Hello all,

I have been lurking for a while and absorbing as much knowledge as possible. I am 21 and currently in college. I will be graduating in two years with my masters in Accounting. My fiancé and I know that we want to jump into the housing market as soon as we can. We want to start doing our research and learning as early as we can.

I have read the Bigger Pockets "Ultimate Beginners Guide" and we have determined our 'niche' as single family home to begin with and our 'strategy' will be to buy and hold. We are not against the idea of house hacking but feel it might be a bit advanced. Where we are stuck is determining our criteria.

We will both be working in the Dallas area, me in downtown. We are researching and starting VERY early, but the earlier the better. We are looking for our first property to be something we can live in for a few years while we save as much money as possible to buy a new investment, rent the first one, and repeat the process long term.

We are a few years out but we are both intellectuals and love planning, researching, and learning. I am looking for all information and insight for a situation like this. Things like area, size, etc. that will make the perfect future rental property. We do not want to live in a dump but a B property is what we are shooting for.

I apologize for such a long post. If you made it to this point, thank you.

Tristan