All Forum Posts by: Bridget Y.

@Michael Noto Thank you for telling me that! If you don't mind me asking, how much would you recommend someone to save before they purchase their first property?

@Lexi Teifke Thanks for the support, Lexi!! You are right, I shouldn't care about what people think. I appreciate your advice!

@Joe Villeneuve Ha I now understand the correct choice here! Thank you for your feed back!

I have a question that I have been dying to ask someone. Here’s the back story:

I have $16,000 principal in my Roth IRA and $9,000 cash that I can use to start my real estate portfolio.

My housing expenses will be going to almost zero within the next few months as I am doing an extreme form of house hacking (aka moving back in with my parents for a year). My parents need more help around the house and I want to save up money to start investing in real estate. It’s kind of weird to tell people I am going to be living with my parents again, but it’s a mutually beneficial deal!

So, my question is should I spend the next year saving money and learning more about real estate or should I call a realtor and start looking at properties in Mankato, Minnesota and making offers on a place that I can rent out while I am living with my parents?

I appreciate any advice you can give me.

@Scott Jensen That makes sense, and that would be super cool to buy that 4-Plex! You will have to keep me posted on that! 

@Jordan Moorhead Thank you for the advice! I will remember that!!

@Scott Jensen Thank you for the tips and the referral! I really appreciate it! Just curious, was there something that was deterring you from doing rentals around the Mankato area?

@Jack Butala Thank you! That is great to hear. I can already tell BiggerPockets is going to be key in my real estate journey.

@Armin Nazarinia Thanks, Armin! I will be sure to keep the community updated as I move forward.

@Dmitriy Fomichenko Wow, thank you! This is really helpful! I will do this.