First Time Investor — Question!

[Ethan Hanes]

Hi all! I have a question about real estate investing. I want to hear everyone’s response! The more the better.

At what age did you buy your first property (house and investment)? How was your experience with it? What type of loan did you use? What is something you wish someone told you before you bought it?

In the next 2 years I would like to buy an investment property, ideally a duplex or a house with multiple bedrooms and rent out some of the bedrooms. What is your opinion on this type of investment as a beginner?

I look forward to hearing everyone’s responses and connecting with more people!

[Zach Wain]

23 years old, I bought a primary home with the idea of converting it to a rental down the road.  It was 2007.  Bad timing!!  The lesson that I learned, dollar cost averaging is the best long term plan and be ready for ups and downs.  If you commit to the long term it will work out.  If the market changes embrace it and be ready to buy more.  Tough lesson to learn though!