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Updated almost 19 years ago on . Most recent reply

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newb with 15k

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Posted

hello everyone, im 20yrs old in the USAF.. i have about 15k saved up, and i would like to get involved in investing. what exactly should i do? i was thinkin more the lines on getting a loan for a house around 100k, use the 15k as a down payment and flip the house for 115k or something.. does that sound about right? any other ideas, thanks

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Rich Reid
  • Real Estate Investor
  • San Diego, CA
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Rich Reid
  • Real Estate Investor
  • San Diego, CA
Replied

kleancut,

don't get discouraged. although these folks are right in saying what they are saying, your experience in flipping cars is a bonus and will help you in this business. as christy suggested, i would certainly spend some time learning more about real estate before you make any sudden moves. the terms will come as you read and learn more... and btw, thank you for your service to our country.

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