All Forum Posts by: Anthony Del Russo

Hi All,

I am currently saving for my first down payment for a House hack in Philadelphia. I anticipate being able to purchase a multifamily property in March of 2019. In the meantime, I was wondering what advice is out there to do in the meantime to allow myself to be best prepared.

Currently, I spend most of my time reading literature and educating myself on Real estate investing. I have read:

The book on Rental Property Investing

The book on Investing in Real Estate with No (or Low) money down

The unofficial guide to real estate investing

I am planning to continue this education and go through a book every week or 2.

Beyond that I am trying to connect with Local Real Estate agents as well as beginning to analyze deals daily for practice. As I said, I am wondering what other steps I could take to continue to be proactive. I am yet to start reaching out to lenders/mortgage brokers as I feel I am still to far out.

Does the BP community have any advise/expertise to offer as I go through the first stages of this journey?!

Hello!

I am not too sure where to start so here's a little about myself

I am new to BiggerPockets and Real Estate Investing. I currently live in Philadelphia, PA working as a Chemical Engineer at a local petrochemical refinery. After being out of school for a year, I really honed in on my personal finances and started looking into certain avenues for wealth growth. I initially researched stocks and had some success there but came attracted to the prospect of investing in real estate by the amount of control it allows.

I currently am sick of sinking so much money into rent at my current apartment. Im in what I call the "Education Stage" of what I hope to be a long and successful real estate journey. I've read, and am continuing to read, many books on real estate and have developed excel sheets to practice analyzing deals while I work up the capital to make my first purchase.

My goals for the next year are to buy a multifamily property to house hack with an FHA loan putting between 3.5-5% down (depending on my finances and property costs) to reduce my housing payment as significantly as possible while also getting experience at being a landlord. Long term I wish to eventually acquire many rental properties (currently focusing on multifamily but open to other parallel investment strategies) and develop enough cash flow to achieve real financial independence.

I look forward to discussing investment strategies as well as learning from/about you all.