Young Kid Looking To Start Out Investing

[Mike L.]

How's it going everyone,

So my names Mike and I'm 20 years old. I want to start investing in real estate and am new to the site as you guys can tell. I have already chosen a career and am employed at an oil refinery in Philadelphia. My job has allowed me to save up a good bit of money to start out investing. It also allows me the time to put in the foot work due to working rotating 12 hours shifts.

My main goal is to own 7-10 rental properties by age 30. The only issue is I don't know where to start, what to look for, red flags in a deal etc. I have done a lot of research on my own and haven't found anything in great detail. So would really appreciate any suggestions or guidance from the professionals. Any good threads, blogs or websites I could read to learn more would be appreciated too.

Thank you in advance,

Mike Layden

[Rafael Floresta]

Having a job and some savings is a great start! I just started not too long ago and I struggled with many of these questions you are having.

Have you read the Ultimate Beginners guide?

Also, you should listen to the podcasts, they cover a lot of things and will for sure overwhelm you with options on what to do.

Once you find yourself suffering from Analysis Paralysis, you should start to make things happen. But don't try to just jump in before having a good grasp of what it entails.

The Philly area has great meetups. There is a great one happening this Wednesday. You should come check it out and network.