Once they hit their "number" they usually find they aren't happy without building something and generally wind up back in the entrepreneur journey! 

My recommendation for newbies is to start by setting financial goals and educating yourself.

Are you thinking of starting your investment journey locally in Virginia, or exploring other markets?

Here are a few tips to help you out as you start your journey:1.

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

It may not be a bad idea to have a real conversation with the tenant and educate them on your plans and how far below market they are.   

This website is amazing for education, networking, and so much more. 

no I have not purchased the home yet -but I’m educated and working with a realtor who understands the process.1st- you have to be a recipient of a section 8 housing choice voucher /in the program and in good standing2nd you need to be in the rental unit and in the program for a year minimum3rd you must to be in a “participating housing authority” or PHA  because not all Housing Authority’s participate in this rent voucher -to -home mortgage voucher program4th it may ( or may not) require recipient  enrolling in an additional sub program called families for Self Sufficiency ( FSS) which has a class that teaches voucher holders how to use the voucher for a mortgage payment5th I’m working with a realtor who understands the process - has used it for dozens if not hundreds of clients. it’s going to be VERY hard for anyone unfamiliar with government processes  to get through it successfully. note I’m also utilizing  first time savings plans IDA‘s and local first time homebuyer grants and a USDA 502 direct low income Rural loan. and my own funds.All aid mentioned can be “stacked” to lower mortgage & create long term affordability.  

Excited to see where your journey takes you!

“You’re not just renting a room; you’re on this journey with your guests,” he told me.