How do I start my real-estate adventure?

How do I start my real-estate adventure?

New to Real Estate · Akron, OH · Member since 2020 · 1 post · 1 vote

Hello, My name is Kaden Myers. This is my first post on BiggerPockets and I just wanted to introduce myself. I'm currently in college at the University of Akron for psychology and I will be graduating this upcoming May (2021). I'm heavily invested into learning more about real-estate. But here's my plan...

I currently have roughly $31K saved up, and by the time I graduate that should be around $36K-$37. This money is all currently invested in safe stocks (Microsoft, Vanguard, Visa, etc.). Once I graduate I plan on getting my real-estate license (to utilize the MLS and as a job) and buying my first tri-plex or better and house hacking it using an FHA loan. After this, I plan on expanding (of course!) into single families/ bigger apartment complexes, and later down the line get invested in storage units, laundromats, and commercial real-estate.

I know this is a very long process and very challenging. but I just wanted to hear your thoughts. Is this a good plan? What have you had success with? is their any major things that I should consider? how would you spend the $37K if you were in my shoes?

Thank you for all your time and hopefully this is the first of many posts to come!!

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  • Real Estate Agent · Akron · Member since 2019 · 35 posts · 11 votes
    5y

    Hey Kaden, we are on similar paths! I recently got licensed and plan on house hacking a 4 unit. You have a great start on your savings. If I were you I'd get into that house hack and continue saving. Then Brrrr from there. Good luck!

    Welcome to bigger pockets!

  • Real Estate Agent · Fullerton, CA · Member since 2016 · 140 posts · 103 votes
    5y

    @Kaden Myers if you ever have any questions about laundromats I’d be glad to answer them. Best of luck! Sounds like you’re off to a great start!

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