New to Real Estate · St Louis, MO · Member since 2020 · 4 posts · 1 vote
So, I have a job that allows me to travel anywhere on the globe for free (small fee for international flights), and it's really cool. My parents and people who personally know me always tell me about how good of a position I'm in, but how can I utilize it? I'm 21 with a good credit score, I save a lot of money, and now I'm able to hop on a plane and fly wherever I want. I just need some direction on how I can use my position to get to an even better position. I don't want to use where I'm at just to travel and spend money to look cool or just because I can. I really want to make something of this, if it's through real estate, networking, or some form of business, I just need some type of direction.
The ability to travel freely enables you to study markets better than someone doing it from a distance. I would try to look for markets that make sense, have strong networking opportunities, and where you can find someone to manage the properties for you. Try to find a market with cheap houses and strong cashflow, a good lender, a strong property management company, etc. Start investing there, build your experience, then break out into other markets.
Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
4y
I would definitely recommend house hacking to start out. If you can literally pick anywhere make sure it is a city you don't mind living in. That is how I got started @Joseph Mosby III
The ability to travel freely enables you to study markets better than someone doing it from a distance. I would try to look for markets that make sense, have strong networking opportunities, and where you can find someone to manage the properties for you. Try to find a market with cheap houses and strong cashflow, a good lender, a strong property management company, etc. Start investing there, build your experience, then break out into other markets.