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Updated over 5 years ago,
Hello! Newbie from SoCal!
Hello everyone!
My name is Eric, and I am slowly starting my education on real estate investing, starting with Brandon's book about rental properties. I've been listening to the podcasts non-stop at work and trying to find other materials to accelerate the process. I have much to learn, but just from what I've heard on the podcasts and read in books so far, house hacking sounds like my starting point. I currently still live at home so it would be a perfect transition into the real estate world, in my opinion, and would give me a chance to learn how to landlord. I am saving as much money as possible, but a FHA loan sounds right up my alley. Actually, Brandon laid out a 7 year example plan (1,000,000$)in his book for rental properties which clicked right off the bat and really kind of solidified how I would want to get started. I know for a fact I don't really want to mess with flips, or massive complexes. Anywhooooo, I guess I have just a couple questions.
1. What are some good reading/listening materials for the FINANCE side specifically, of all this? (I know rich dad poor dad has been mentioned quite a bit, just looking for a solid selection)
2. My first property goal would be either a duplex, or a triplex, based on your experience how much capital/reserves should I save before considering a purchase?
Thank you for you time and I look forward to connecting with everyone!