All Forum Posts by: Hector Diaz

What's your story of your first investment? What were your challenges? What advise would you give for a beginner? I'd like to know about a first investment experience and see what I can learn from it to start. I'm interested in investing in multifamily homes and house hacking. I'm planning on getting an FHA loan or 203K loan. Interested in advise from anyone else who has used this strategy and became successful or learned from their experience.

Thanks everyone. Appreciate all the advice! I was thinking of continuing doing research while paying off the cc debt. Maybe once that is paid off, then I can start looking to find a 2-3 unit home. I don't plan to stay with my relatives for a long time, since I want to be able to have my own place and have the freedom to do what I want at my place. Although, I was fortunate to have them let me live with them, which help me significantly to save up to pay my cc debt. 

I'm currently learning about real estate investing. I'm reading books and trying to figure out on how to get started. I had just finished reading the ultimate beginners guide, which was very helpful. I'm temporarily living with family members right now and don't pay any mortgage or rent, which gave me the opportunity to save up since I moved out from renting an apartment a year ago. I have a full time job and have good credit. Unfortunately, I have yet to still pay off my credit card debt and plan on completely paying that off soon. I also have a school loan and car loan. I plan on moving out very soon and was thinking that maybe I can purchase a duplex, where I can live and have the other unit get rented. What are your thoughts on what I should do or how to get started? I would like to invest in multi-family homes in the future to buy and hold.