Newbie with Student Debt

[Zachary Kucharek]

Hello all!

I am 27 years old and a Physical Therapist. I have lately gotten pretty deep into listening to the podcasts on the way to work and at the gym, as well as reading the articles and forums quite often. I have been thinking about investing in Real Estate since before hearing the BiggerPockets podcast, then when I started listening to it more the fire was really lit. I am in an interesting but common position of being hindered by a large amount of student loans. I am paying them down aggressively and have refinanced them to reduce my interest rate to a palatable amount. However, I am very interested in doing a house hack with multifamily home so that I can live for cheaper while building an asset simultaneously. I have finished saving my emergency fund for now and have several month cushion there, and I am currently putting money toward an investment down payment at this point. I know you can use a FHA loan for a down payment paying around 3.5% down on a multi family house that I would live in for at least a year. So that is the plan at this point.

I am in the great state of Michigan, and am continuing to save as much as I can so that I can start this as soon as I am able. I am looking to meet people that I could talk to further on Real Estate in general, investing, buy and hold, their personal experiences, and all of the other things that are encompassed in this exciting area of investing. I would love to connect and learn as much as I can.

Nice to meet ya,

Zac Kucharek, DPT

[Charles Kao]

@Zachary Kucharek

Where are you looking to invest exactly and what do you hope to gain from the networking? Deal flow? Mentoring? Education? Best way to network with people is provide value whichever way you can whether it be helping them

find deals, labor, deal analysis or anything that saves them time. I had an investor ask me if they can help me once and I told him I was on way to do a cleanout on a flip. He didn't want to do it but what he didn't realize is by helping me I would have had time to sit down with him with the time saved for labor and also we could have chatted quite a while during the cleanout. Instead he wanted to buy me a coffee which is what he wanted and not what I want. At the same time when I try to meet with investors where I want to meet I try to figure out where I can help. Have a meeting next week with an operator that owns two storage facilities that he built himself. Has no idea how to fully automate a facility so we are meeting to share our expertise as I am proficient in automating storage facilities. I am sure both of us will benefit tremendously. Keep that in mind when you try to network with more experienced investors.