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Updated over 7 years ago on . Most recent reply

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Sean C.
  • Rental Property Investor
  • Boston, MA
0
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Best way to start with little to no money down?

Sean C.
  • Rental Property Investor
  • Boston, MA
Posted
Hello everyone, I'm a 21 y/o newbie looking for advice on the best way to start REI with little to no money (of my own) down. Being a soon to be college graduate, it's fairly obvious I don't have all that much to work with. I've been reading and listening to the BP podcasts but am still unsure on where to get started. My plan is to try to househack while saving money earned from my w-2 to have enough for a down payment on a rental. I considered wholesale to get enough for the down payment but it seems that without a brokers license, it can get tricky when it comes to the law. Also, I'm in MA right now but am moving to Oceanside in January of 2018. Thanks!

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Concentrate on improving your credit score, earn maximum income possible for the next two years and live as frugally as possible. The key is to save every penny possible over the next two years to get you started.

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