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Updated almost 3 years ago on . Most recent reply

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Kirolos Michael
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How to get started as a 20 Year Old Investor In Nashville

Kirolos Michael
Posted

Hey guys! I'm a 20 year old investor here in Nashville and I'm looking to get the ball rolling. Do you guys have any advice for a rookie like me in this market? I've saved up a sizable amount of cash, but I doubt I can get a loan as I am a student and unfortunately the Nashville market is super hot right now. Currently I have been trying to analyze deals and read up on real estate investing books, but I'm extremely eager to start investing. I'd love to meet fellow investors in Nashville that are willing to help and guide a newbie like myself. Thank you guys in advanced. 

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Joshua Janus
  • Realtor
  • Cleveland, OH
1,487
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Joshua Janus
  • Realtor
  • Cleveland, OH
Replied

@Kirolos Michael Is a house hack a goal of yours in the future? Study the requirements for an FHA loan like a book and make sure to set yourself up for success. Examples would be building up your credit, getting the most recent tax returns for the last 2 years in the same field, building up capital for the down payment, closing costs and 6 months in reserves so you can use as much of the rental income from the other units as your own income when you getting qualified. These are some barriers I had to make sure to be able to climb over. Let me know what questions you have.

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