Updated over 8 years ago on . Most recent reply
Young Kid in College
I am a young kid in college, Not much money but I am a intern at a local real estate company... I do not have my License, but I want to make some money investing. I couldn't put out more than 10k, but thats about all I have saved up right now and really want to build that to where I have more and so fourth. any help or ideas?
Most Popular Reply
You seem to have enough to get an FHA to house hack understandably you may not want to dig into that $10k. You shouldn't purchase a house straight up anyway, you should use leverage especially to begin with, for example, using $60k to buy 3 $100k properties would help you grow faster than buying a $100k house straight up. but to get to that first $60k-$100k through real estate investing i think its best if you do what the post from Chibuzor Alumba said, drive for dolllars find a distressed property you and maybe a partner can go in on, and start from there, or wholesale as he said, it costs you just the time and money you spend finding the deals( difficult for newbies but still possible)