All Forum Posts by: Sandro Bianco

Good Afternoon All,

I have been wanting to start this goal of purchasing an Owner Occupied Investment Property forever now because it seems like the start of one stream of income/cash flow towards my financial freedom. However, currently I live in NJ and can only really afford $800 for rent and that including all fees until i pay off my student loans in approximately 4 years. I really don't want to wait that long to purchase my house hold but it seems bleak unless I get a higher paying job or I miraculously pay off my loans which will bring me towards a $1200 a month which is more reasonable, however in New Jersey thats still nothing. Currently I live with family only paying $500 a month and my top priority is paying off my loans. Any advice or ideas would be greatly appreciated in being a catalyst towards my dream life. Thank you for your time in reading this.

Best,

Sandro

Hello All! This is my first post on the Bigger Pockets forums so i'm very excited! To give you a little background on myself, I am 30 years old and hope to soon be a first home buyer. I have no savings but i have a 401k that I know I can withdraw 10k for a first home purchase. I love the idea of buying a 3-4 multiplex, living in one unit and renting out the other units but since I live in NJ and I only make 55k/annually I have no idea how i would accomplish this goal of mine without getting a better job. My credit score is around 800 which is awesome but I was wondering how the pros would recommend me starting off seeing in the next year I will have to move out. Another side note is that I am considering joining the Army Reserve to help pay off my 30k of student loans and also take advantage of their VA loans and I just finished getting my Real Estate License. Any advice will be greatly appreciated and I am curious to hear what strategies you guys recommend for some one that isn't making much.