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Updated over 8 years ago on . Most recent reply
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Young investor looking for advice
I am 18 years old and looking to invest in real estate. I Have been working a little here and there for the past couple years. I payed off my 10,000 dollar car, have 2,000 In the stock market currently. Also have about 2000 saved. What I would like to see happen is save some more and then put a down payment on a cheap house to hopefully fix up and either live in or sell for a little profit. I have experience In flipping houses but still have lots to learn. I have my grandpa who is a carpenter that would help me with ny first house. I was thinking of buying a property In Waco Texas (the market Is cheap but should be growing very shortly) the problem is i need to move out in 3 months so if I'm going to do this I need to get the ball moving soon. Do you believe this is a good idea? If so please let me know and if not please let me know why.