All Forum Posts by: Kevin Chhum

Hello everyone his will be second post here on biggerpockets.

for more background you can also check out my first blog.

i wanted ask some questions and get some answers from some pros. 

As my 11th day of becoming a real estate investor ive been learning alot.

like the beginners guide to real estate investing said to do your homework prior to looking for deals and what not.

i finally decided to do buy and hold investments and go from there.

i spoke to one agent @kevinfox he had recommended me to go for the house hacking method. invest in a multifamily property thats less than 5 units. i will live in one and rent out the other units. this sounds absolutely awesome as your mortgage is being paid and you pretty much live for free. As a real estate investor or agent what are your guy's suggestions on this. "the pros the cons. is this a smart investment. is this positive cash flow,

Also i spoke to another agent she has a condo for sale for 210000. 2 bed 2 bath gym and pool.

is investing in 1 unit condos any good? is it a smart investment?. This is also more in my price range i was approaching. i know its connected to other units but is it easy to sell in the future? Do these types of property's hold it value? there is an occupied tenant currently living on section 8. How will HOA fees effect me. is HOA a good thing or a bad.

WHAT IS YOUR RECOMMENDED CHOICE FOR A FIRST TIMER REI HOUSE HACKING OR THE CONDOS.

also is it necessary for me to get a real estate license since i am a part time investor.

i have not spoken to any lenders quite yet nor have been looking at property's. my plan is to get highly educated on REI prior to failing or beginning.

Please help. i will be waiting for your responses.

My name is Kevin,

I'm 22 years old. I open my first small business at the age of 18 selling electronic cigarettes, it was going really well until the competition of other shops grew.

I now work a regular job paying about 65,000 a year. 

I am building my credit pretty well and plan on keeping it high.

I stay with my parents still so I am saving money.

I barely started reading more blogs from BP and the motivation is really getting to me. Lol

 I want to get into real estate investing.

I want learn how it works and how to get started.

Bank loan? Pull out of my 401k? How do I use OPM?

For example Buying a vacant house and remodeling, is it the right thing to do.

is it better to buy a new home and put it out for a tenant to rent.

Is it better to buy land and build a home?

I plan on on keeping my job and doing real estate on the side. I just really need go get my feet wet. 

-kevin