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Updated 9 months ago,

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Just turned 18

Posted

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!

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