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Updated over 3 years ago on . Most recent reply
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New Member that is interested in small multi-family investing
Hello everyone,
I am 23 years old and a recent college graduate. I have been searching for ways to increase my income and wealth and real estate investing has caught my eye. Over the last few weeks I have been researching and trying to connect with professionals that can help me on my journey. Like any investment, I understand that real estate takes time, energy, money and substantial knowledge in order to succeed. I have been listening to podcasts just about every day and reading multiple blogs and articles a week. At such a young age I believe I should be taking calculated risks in order get on the path to being financially free.
My strategy has formed around the idea of purchasing a duplex or triplex as a house hack in the Dallas, Texas area for between 100k-300k. This should get me started with some experience in both land lording and home management. I would like to work my way up by purchasing 1-2 homes per year with positive cash flow and appreciation being my main goals. Does this sound like a sound strategy in theory?
I appreciate any comments or tips that anyone is willing to offer!
Thank yall and I am super excited to start my real estate investing career!