Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 9 months ago,
Just turned 18
I just recently turned 18, and was wondering if I could get some advice on the best way to begin investing in rental properties. Here are a few of my questions:
- How much money should I save up before starting to invest in properties
- Is there a market that would be best for someone such as myself, or is it just personal preference
- Do I need to hire people such as agents, contractors, property managers, etc. or will that all be later on once i build up my portfolio
- When is the best time to begin purchasing?
- What should the desirable mortgage/rent ratio be for my properties
- Should I begin saving up an emergency fund for repairs and maintenance before I actually purchase a property or should I begin doing that once I own a property
- Do you think Louisville, KY would be a good location to stick with, or should I look for a new area
Thanks in advance for your suggestions!