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Updated 8 months ago on . Most recent reply

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Johnny Martin
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I am 22 years old and looking to get into real estate.

Johnny Martin
Posted

What would yall recommend to be the best strategy to entering real estate at my age. The FHA loan house hacking wouldn't work for me for at least a year due to me having a year left in college. I have a credit score of 765, with a good amount of savings.

I have done a good amount of research on section 8, and was wondering if people would recommend that. Thanks

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

Be patient. You have the right idea to house hack when the time comes, but it doesn't have to be now if you don't also have a job while finishing college. If you have savings, keep saving. Most college kids don't have anything saved so you are building the right away. Don't ruin it by jumping into something too early like the thought of landlording section 8. This is a horrendous idea for a young person who knows nothing about landlording and pre-supposes you can get a property first.

Spend the last time in college learning and going to local meetups. You will find mentors and friends at meetups who will help you get ready when you are really ready.

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