Newbie Looking for some Guidance!

[Meagan Peters]

Hello everyone, I am new to real estate in the sense that I haven't actively invested yet, however I have been educating myself through books, podcasts, and the Bigger Pockets website for the past year and a half. I am extremely passionate about real estate and all that it entails and I cannot wait to get started!

I am 22 years old studying Graphic Design in Montreal, Canada. I have one more year left before I graduate (Spring 2022), which is when I will move to and purchase a multifamily unit in Guelph, Ontario (or somewhere in that area) to house hack. I currently have 40k saved and plan to have at least 50k when it comes time to buy a property.

Over the next year, I plan to connect with as many individuals in this community as I can and really prepare myself as much as possible for my first investment. My question is, does anyone have any advice on what the best use of my time over the next year would be? Should I focus on connections (even though I do not live where I will be investing), analyzing deals, researching my market, looking into possible financial options, etc. 

Any advice would be greatly appreciated, thank you!!

[Robert Bugeag]

Hello, that is a nice plan and bravo of think of doing this at 22, I wish I knew then :(...

I would say look at what is available from now, analyze what you can so you will really know your market, if you do so an analyze that will take you 30-45 min now will take you 5 min in a year because you will know what a good deal is.

It is also not a bad idea to look at financing options, you never know what you find and maybe you could buy before the 1 year mark.

Good luck