New Young Investor from Massachusetts

[Brendan Dwyer]

Hello all! I am a 23 year old male living in Massachusetts turning a new leaf in life and immersing myself in real estate investing. I have no experience but have been absorbing as much knowledge as possible and would like to jump right in. I do work a full time job (unrelated to real estate) however i spend most of my free time and my very long commute learning real estate. My goal is to create a healthy investment portfolio and eventually quit my full time job and invest full time. I would love to use this amazing community to meet people of all experience in the industry to learn and network. Thank you!

[Jon McCarron]

@Brendan Dwyer

Hi Brendan,

That’s awesome you want to get started at this age! If you are considering a first purchase, I would suggest house hacking, (low down payment, lower interest rates, and you can buy up to 4 units). If done right, you can live for free in one of the units while your tenants pay your mortgage, and you can maximize your savings. It is a solid way to get started!

If you choose that route, definitely look for 3’s and 4’s. It will be easier to achieve living for free, and it will help you scale you portfolio quicker. If you started doing that now, and bought a new house hack every 1-2 years, you could probably retire by 30-35 depending on your goals.

Have a great day, and welcome to BP!

Jon