Need some advice: starting out as a young real estate investor

[Alex Parra]

Hello everyone, My question is, I'm a young man trying to get into real-estate investing I don't have much money to invest so I'm not sure on where to start? I heard mobile homes are a good place to start because they don't take much money or should I start with a small residential home?

[Sam Parkins]

My personal input as a mobile home investor would be to educate yourself and network to learn about as many niches as you can. Once you feel you have a good understanding of all of them THEN you can pick your niche and jump in head first. I personally feel you should pick your niche due to your motivations and strengths rather than what you feel might be available to you.

Learning about all niches and the tools used will help your success in the niche you do end up choosing. For instance, if you choose to buy/sell mobile homes you'll use many of the same techniques a landlord might use, or a wholesaler of SF homes, etc.

If you do become interested in mobile homes there are many sites out there for education and networking (including this one) as well as books, including author Lonnie Scruggs and others.

Best of luck!