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18 with 45k looking to invest ASAP
Hello BP community,
I am 18 years old with about 45k, and I want to invest in a rental property ASAP. I own a lawn care business and I have a goal to have 80k by the end of the year. Prior to starting my lawn care business, I worked my cousin since a very young age. He owns 150 rental units and my Dad owns 15 rental units. I was always curious and enjoyed the rental business, constantly asking questions, so I believe I have a very solid understanding of the business. I am also reading BRRRR to further my knowledge. I would not be afraid to buy a property that needs some rehab, as I have renovated two full kitchens by myself, and done lots of rehab with my Dad and cousin, so I have a good understand of what needs to be done.
I do not know nearly everything though. I am seeking advice on what would be a smart next step for me. Would it make sense to save up money to buy something cash, finance, wait for market to cool down, etc. I would love to hear what the professionals have to say.
Thanks!