All Forum Posts by: Rudy Nieves

So I recently purchased my first investment. (Single family, rent by the room). There is a large room in the property that isn’t a bed room that I’m considering Turning into a home gym for tenants. Would it be to much of a liability to put in a gym, or would having some sort of statement in the lease be enough?

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I am currently serving in the navy and at the end of 2021 I closed on my first deal. Now going into 2022 I am looking for my next deal and I’d like to work with a lender or partner. What are some things I need to know before moving into a deal with a lender and where can I find one?

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Jacksonville, Florida

Quote from @Tucker Cummings:

Love the enthusiasm. Definitely start with education through books, podcasts and networking. When I was first getting started, I ran into the "you don't know what you don't know" block where I didn't even know what questions to ask because I knew so little.

Start going to local meet ups (they're all over the place) and tell people you're interested in learning more. Ask them how they got started, what they would do differently if they could go back, and ask for recommendations for property managers, contractors, agents, wholesalers, etc. As you get more into the real estate network, you'll develop a greater knowledge for it, ask better questions, and soon there won't be anything between you and your first deal.

Also, if you're looking for a super easy way to get started on your first deal. Look up househacking - where you buy a house or 2-4 unit building, live in one side and rent out the others. Helps subsidize your house payment (life's biggest expense) so you can accelerate your savings rate and grow your net worth more quickly.

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@Tucker Cummings thank you for the feed back. I just returned from a 7 month deployment and during the time I read as many bigger pockets books as I could. And house hacking was my strategy of choice. I feel like I’m ready to buy first property and that’s where I’ve hit my first road block.

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I’m 20 years old, I joined the navy and I want to start investing. Where should I start.

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All Forum Posts by: Rudy Nieves

Rudy Nieves has started 12 posts and replied 16 times.

Post: Should I put a home gym?

Post: Should I put a home gym?

Post: First time with lender.

Post: Looking to invest in a new area.

Post: Looking to invest in a new area.

Post: Looking to invest in a new area.