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Updated about 6 years ago on . Most recent reply

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Marc Turenne
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6
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New investor looking for tips!

Marc Turenne
Posted

Hey everyone!  I am a student at Purdue University in Indiana, and I am just starting to get into the actual investing side of real estate after learning about it for a long time!

I'm not quite sure where I'll end up after graduation, so I was hoping I could get some tips on how to start investing at a fairly young age and remotely!  I have been listening to the BP podcast for a little over a year now and read a few of the books, but I would love to hear your thoughts!  I'm either looking to move to the west coast (Bay Area in California), or Cincinnati, Ohio after I graduate next year!

Any tips, tricks, comments or thoughts would be greatly appreciated!  Thank you!

MT

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Christina Linn
  • Investor
46
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Christina Linn
  • Investor
Replied

@Marc Turenne I agree with @Jairo Ortega and would like to add that you can keep an FHA loan and move after a certain amount of time (I think it's two years, but don't remember) if you are doing so for a new job. That's something to consider when determine your path for your first investment. Some other subsidized loans require you to live on-site during the duration of the loan. I strongly suggest a multi-unit if you can afford the down-payment and get approved, as you can live for cheap or free and learn about landlording on-site. This is helpful even if you plan to be remote later

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