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Updated 23 days ago on . Most recent reply

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NA NA
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NA NA
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NA NA
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Starting Out

Need some help!

NA NA
Posted

I'm just about to graduate highschool and I have about 15k saved up and I want to invest it in real estate. It's obviously not a ton of money but how do you guys recommend me investing with it?

Fairfax, Virginia
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Dominic M.
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  • from Northern Virginia & DC
  • Member since Jun 20, 2020
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Dominic M.
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  • from Northern Virginia & DC
  • Member since Jun 20, 2020
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Dominic M.
  • Property Manager
  • Northern Virginia & DC
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Dominic M.
  • Property Manager
  • Northern Virginia & DC
Replied

Prior to diving in I would suggest a few things: I agree with @Kevin Sobilo

Invest in relationships and knowledge before taking the leap

1. Find a local mentor

2. Connect with lenders, agents, property managers, contractors, attorneys etc.

3. Perhaps work for/as a property manager, real estate agent, and/or wholesaler

4. Build up your cash as you build your knowledge and network

5. Underwrite, underwrite, underwrite - master this

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