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Updated about 5 years ago on . Most recent reply

New Member: Introduction to who I am and my goals
Hello Bigger Pockets,
My name is Eric I'm 21 years old and I'm from the Philadelphia/ South Jersey area. Im new to the real estate game and would like to connect with individuals in the area that are involved is Residential and Commercial real estate. Although I currently have no experience in real estate investing, I have been putting in time to learn what I can about the industry. My goal is to use real estate to at first generate another source of passive income and hopefully be able to do this full time to achieve financial freedom. Iv been looking into getting my license in pa. Although it's not required to get into the investing part of the industry, I feel as though it wouldn't hurt. I am currently working for a local solar company in South Jersey. I also have my HVAC certification (Universal EPA). My thoughts on my first investment was a multi property using an FHA loan. Good or bad idea? Any advice on where I should begin this journey would be greatly appreciated.
-Eric
Most Popular Reply

FHA multi-family house hack seems to be the best way to get started. You can lower your cost of living and get your feet wet as a LL for little money down. You're 21, so you can do this for 10 years (buy a multi-family, live in it for a year, and repeat every year) and probably have enough passive income to to be FI by 30-31.