Hi Everyone,
I hope you're all doing well! I started listening to the "Bigger Pockets Podcast" in July since I got obsessed with real estate. Since then I got my real estate agent license and have read Rental Property Investing, by Brandon Turner. I'm super excited to get into real estate! My long-term goals are to have a business investing in property tax liens and rental property business with my own management company. It's a big goal so I figured I would start chipping away now by learning. Now, this is where I go into a little of my story and I would love any suggestions/advice! (Feel free to click off if you get bored) I am currently 20 years old. I am in my 3rd year of college going to school for my Bachelor's in Science of Nursing. I work 24-32 hours weekly as a CNA and at a mechanic shop. My hours are flexible and can be cut down. I just got a job as an agent at Berkshire Hathaway to make some money for my real estate investing endeavors and to learn the business. I know barely anything about my market, being an agent, and real estate investing. I'm trying to learn as much as possible. I live in my dad's basement to save money, and through my job being able to save roughly 1,000 a month working 32 hours. Once I graduate I plan to work around 24-32 hours a week as a registered nurse to dedicate my time to real estate. I know this post is getting long, but hear me out (or don't). I am trying to get into a position as soon as possible where I'm not trading time for money, aka actually making money as a real estate agent. I want enough money for an FHA/FHA-203k down payment on a multifamily in the Dane Country of Wisconsin. As soon as I graduate and get a job as a nurse the banks will count my college years as my current salary as a nurse I believe (to avoid providing tax returns). I currently don't have much money to my name because I'm paying for college. I have about 11,000 invested and 7,000 cash. I have a car loan and some federal loans I'm hoping will go away because of the student debt relief. My car loan will be mostly paid off by when I graduate in the Spring of 2024. Like I said earlier I can only save about 1,000 a month at my job. What do you guys think of my plan to get a multi-family and is there a better way to go about it? How can I take the fastest track to be a landlord? Is working as an agent until I graduate the best way to learn the market and learn the business of real estate? How can I learn to be a great real estate agent? How should I go about finding, analyzing, and purchasing my first deal? I at least want my first deal to be a three-unit. I know that's a lot of questions. Feel free to answer on, all, or none. Thank you all so much for your time!
