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Updated about 8 years ago on . Most recent reply
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Real estate Rookie 19yr old from Brooklyn ny
hey everybody Chris here how's it going today? I had a few question that maybe you can help me as I start my real estate journey. I've read a few of bigger pockets books so I'm not a complete newbie
I'm 19 have about 35k saved up and got a decent income of 50k a year. I save about 1500 a month. My income goes up every year, I'm currently a construction apprentice.
My ultimate goal is to create passive income I'm not a fan of the berrrr strategies I'm more interested in house hacking or simple buy and hold single family units.
1.what would you do if you were in my shoes.(keep in mind I live in a very expensive NYC market)
2.would it be beneficial for me to take a agents class at a local college even those I don't want to be a agent.
3.what do you regret the most that you wish you did/knew at 19years old THANKS FOR YOU TIME
Most Popular Reply
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One of the newest podcasts has a couple that is in the NYC area and bought a 4 unit that cashflows with them living in one of the units. Maybe reach out to them and see how they did it and if that is close to you. I'd just keep combing my area and find the asset classes or patters that will work. Maybe condos or multi units but bear in mind property taxes as that can kill cashflow. If you want to take the class then go ahead but I don't think that will help all that much. I wish I started then... But I did start at 21 so not like it was a world of difference! Good Luck!!!