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Updated almost 3 years ago,
How do I get started in real estate as 20 year old in college?
I am 20 years old and am currently in college in Detroit, Michigan (also playing D1 soccer). Before college, I took a gap year and spent the time getting my real estate license (in New Jersey- where my family is from) and learning as much as I could about real estate. I want to get in the game of real estate any way that I can. I am very comfortable with risk and want to start making some mistakes that I can learn from.
If you were in my shoes, what would you do? More specifically, would you urge me to wait, keep learning and saving, or go for it with what I have? I have about $10k saved up that I am ready to use. My father does well in his career and is willing to cosign for me as well.
Ultimately, I think I would like to have several multi family houses, but I'm honestly not too sure. I am open to any option that would allow me to get started in real estate investing.
Also, is Detroit a bad market to start in? Would it better to go back to New Jersey to get started?