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Updated over 8 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Kane Rickman
  • Estes Park, CO
1
Votes |
9
Posts

Young investor looking for advice

Kane Rickman
  • Estes Park, CO
Posted

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. 

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