UPDATE: I made a video on my 1 yr update on the property. If you'd like to know more about how the property is doing (cashflow, appreciation, etc.) check it out here: • How I Bought My First ...
Here is the doc I mentioned in the video: docs.google.co... (For educational purposes only!! Please make sure to do your own research. You can make a copy and then edit it.)
TL;DR :)
Started my first software engineering job during the summer of 2018 and saved 20% after maxing out 401k and index fund investing
Made sure my expenses were down to maximize savings
Started doing my research on Reddit and BiggerPockets, I also had a parent who had a little bit of experience and who was a real estate agent for 2-3yrs right before the housing market crash of 2008
Learned how to calculate cash flow and CoC return by creating my own excel sheets with numbers to analyze each property I was interested in
Reached out to a real estate agent on BiggerPockets
Got pre-approved through multiple lenders
Put in an offer on a home
Flew out to see the home for the first time after closing to do repairs and showings for potential tenants
Placed property management to take care of the house and tenants on a day to day basis
Salary breakdown: • How much do software e...
Enjoy!
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About me:
I'm a software engineer currently working at a really dope company in Silicon Valley. I'm about a year out from college where I graduated with a degree in Computer Science. This channel is all about helping people who want to know more about software engineering or computer science and for me to be a helping hand in any way I can.
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Thanks for watching. You da best.
love,
sosa
7 окт 2024