Investing in real estate at young age

[Karan Singh]

Hello everyone,

I’m a 18 year old electrical apprentice and I’m looking to do a full dive into real estate investing.

I am in the union and earning base wage, parking, vacation pay, pension and full benefits are covered.

I am saving about 400/w in a high interest savings account right now which is 60% of my pay, I am going to get guaranteed $5/h raises every year for the next 5 years. I will be increasing my savings amount to reflect as well. I will be making $55-$60/h by the time I’m certified at 21/22.

I am also looking into side hustles to increase my income such as flipping cars, reselling etc.

As of right now I have around 8k saved, and 5k invested in stocks.

Obviously I cannot buy a property with just a few grand right now, but basically I just want to ask for any advice or tips you would give to me or your younger self when you started.

I usually listen to audio books on personal finance and business while working instead of music to further my knowledge.

Any sort of advice is welcome, books, podcasts, methods to learn about. I want to make the most of this time while I’m saving to keep learning and maximize my returns when I’m able to enter the market.

[Max Wilhite]

Hey @Karan Singh

Welcome to the BP family. You’ve come to the right place to connect with some vary smart investors. lean on these forums whenever you have questions. good luck with your investments.