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Updated over 1 year ago,
Beginner looking for advice
For those willing to take some time and hear my situation out to give some advice,
I'm a 19 year old college student (in Lancaster, PA) at Thaddeus Stevens College of Technology working part time (full time over summer) as an IT Technician at my school district that i graduated from last year, I'm also working on my real estate license through Real Estate U online. At my college I'm majoring in Residential Remodeling with the hopes of using those skills to help me manage and or complete some smaller scale jobs. I will graduate in two years and know for a fact that i do not want to be in the IT industry for more than 5 more years. Although I'm aware I will most likely use my income and stability from IT once i graduate to propel myself forward in the Real Estate field. With all of this, I know i want to be in the real estate industry for the rest of my life and will do anything to get myself there. I don't come from much, and i know with real estate i can create the wealth i want to share with my family, future family, and myself. My shallow plan so far is to continue saving for the down payment on my FHA loan for a hopeful good multi-family property deal in 4-5 years and start my portfolio out that way. With this background, i think as confusing as i may seem with this, i would like to hear any of your opinions on what i should do in any aspect of what i presented. Here's some extra context that can play into your advice/opinions.
- I have 0 debt (including college, I'm blessed to receive grants)
- I have a partner whose on board with my dreams and willing to support me through the risk
- My parents are open to me staying at home for a couple years after college to build savings/establish myself
- I really want to specialize rentals so i can retire off of that income.
- I'm already working on my credit
To add,
I apologize if this seems out of order or confusing, this is my first post and I'm not to sure how to go about asking for advice on this forum, but after reading other beginners i decided it was time to create an account and put myself out there. Thank you if you made it this far and I'm looking forward to any and all advice. Have a wonderful day!