All Forum Posts by: Ariel Langumas

Quote from @Taylor Bennett:

Hi Ariel, are you looking to invest as an individual? Or are you looking to meet and partner with a seasoned investor? I am in Fayetteville, NC and there is a great rental market here due to the military base, who also get housing allowances. Have you thought about maybe starting with a duplex or single family in this area and gaining the cashflow? 

I have thought about starting with a duplex before and I’m looking to invest both as an individual, with partners and seasoned investors. I’m still fairly new all of it, but if there’s a time or place to meet and we can discuss details in person, I’ll gladly join! 

Quote from @Nathan Gesner:

Quote from @Ariel Langumas:

You're in a great position! If I were your age and single, I would start with house hacking. That's a quick way to cut your teeth and learn the ropes while simultaneously giving yourself a place to live. You can easily buy multiple fourplexes before you turn 30 and maybe even be financially independent.

Nathan,

I think house hacking would work, but my company also pays for my housing at the moment and they will not give me the money for investment purposes. As long as I stay in the apartment, I do not have to worry about a place to stay.

would you say buying a 4plex with fha loan or to save up and put a big down payment ?

I can show you a couple example properties that I have looked at, so you may give me an opinion on my thought process.

I just turned 22yrs old in August and I'm currently staying near Raleigh. I've bought a couple books which I've read about Real Estate Investing, and I was hoping I could take a bit of someone's time to ask some questions or pick their brain.

So, with my job, all my expenses are basically paid and I'm able to save $4,000-5,000 each month after my "expenses" and I really want to put this extra money to good use. I do not have any debt at the moment and I'm not including bonuses/raises. I'm single and I do not plan on getting married anytime soon.

I'm planning on joining the Local REIA meetings this upcoming week and sitting in the meetings after work to learn and hopefully network with other investors, PMs, Lenders and Real estate agents that could form a positive/lucrative relationship with me and help me achieve my goals.

My long-term goal: I would like to have a few multifamily properties to my name by the age of 30 and I would like to use these 8 years ahead of me wisely.

Short-term goal: Own a 6–8-unit multifamily property with stable cashflow.

If anybody would drop any helpful commentary, please do so - thank you.