New to the World

[Jacob Ankney]

Hi everyone,

I am 22 years old. I just graduated college last May with no student debt. I just recently landed a job that will pay $50,000 annually. I am hoping in the next 3-5 years that will increase to about $70,000. I am currently living with my parents with no expenses month to month. My current savings is next to nothing. I am hoping that someone that is seasoned in the investing world will help me out with what they would/would have done if they were in my situation. I originally heard of the ideas of section 8 housing and in my area I feel that the market is strong. I also considered commercial real estate such as storage units. Any information would help, I am just a bit overwhelmed with the possibilities out there. Thank you in advance, Jake

[Joshua Filkill]

I would first invest some time learning about real estate investing while saving some money. BiggerPockets has some great books such as The House Hacking Strategy by Craig Curelop, The Book on Rental Property Investing by Brandon Turner, and many others. You can also attend the webinars that BiggerPockets hosts to learn more about investing and see how to analyze a rental property.

I agree with @Jake S. you should learn more about house hacking as it's a great way to get started in real estate. I started off house hacking a duplex and the rent I collected covered my PITI, so I was practically living for free besides some minor maintenance costs.

Good luck!