All Forum Posts by: Olivia Umoren

@Larry Allen Thanks for the info, this was very helpful!

@Stephen Akindona Thanks so much for your comment. Do you mind me asking how you were able to use none of your cash? I am a very resourceful person so I actually enjoy finding different ways for doing something. The aggressive vs conservative is something I'm still figuring out for myself. I think once I figure out how I want to go about it, it'll be easier for me to make a solid plan for myself. 

@Patrick Hermans Thanks Patrick! Yes, I know Boston is just too expensive for me to even look at. My dad is a contractor and he works on properties in Boston and sometimes he shares with me the prices of these homes and condos and it's SO MUCH. I think I need to do some research on what areas would be a good fit. Being a lifelong city girl, I don't think I would enjoy living in central MA but I could definitely look into it as a place to purchase property that I'm not living in. I heard Worcester has some good deals, what are your thoughts on that?

@Thomas S. Thanks for your input Thomas!

@Linda S. Thanks for your comment and advice! I have a mentor now but we don't live in the same state so I'll definitely be looking for another one that is more local. Thanks again!

@Michael P. Thanks Michael!

@Henri Meli The mentor I have now has been great at checking in w/ me and giving me solid advice (actually met him randomly at the airport and one conversation turned into him becoming my mentor). I just like to see other opinions and advice as everyone has road and journey that looks different. My goal for this year is to become as educated as possible about RE and also other investment methods. So far I've completed Rich Dad, Poor Dad and am on to Cash Flow Quadrant. If you have any other books you would recommend feel free to reply with some names/authors!

Thanks for the support and encouragement!

Hi Everyone,

My name is Olivia, I'm 24 y/o and a 2016 grad from Penn State. I'm a lifelong resident of Boston and I'm looking to start investing in the next year or two (not in Boston, but surrounding and more affordable areas) but I'm trying to figure out a strategy and plan. I work a full time job and a part time job and have good credit. Currently living at home to save money while paying for student loans, car note, car insurance and other bills. I've heard a lot of different opinions outside of BP but I wanted to ask for some advice. Some people say "don't wait until you have the perfect amount of money saved, just dive in!" and others say "make sure you are somewhat financially stable before you buy your first property." I am a bit overwhelmed/lost on what I should do and what makes more sense right now given my financial responsibilities. 

If anyone has any advice or would like to share their own personal story of how they got started in a similar situation it would be greatly appreciated!

Thanks,

Olivia

@Tyler C. Thanks for posting this question! I'm basically in your situation (c/o 2016) car note, student loans, bills etc. I'd love to hear how you made it happen whenever you do. Right now I have 2 jobs (1 FT the other PT) and am looking for a 3rd. Basically trying to save as much as I can to house hack for my first property. But it seems like you have a solid plan and I wish you the best in making it work! This discussion was definitely very helpful for me so thanks to all who put in their advice!

@Sung Park Thanks so much for your comment. I see that you're from Philly...I was also looking there as a place to move and possibly invest. How is the market there? Do people usually stick to Greater Philly/suburbs or are there affordable properties in the city?