How should I invest my first $8,000

[John LaVecchia]

I'm a 19 year old with no debt, just starting my real estate brokers license course this week. I was thinking of using $6,000 as a 3.5% down payment on a triplex or quadplex and holding the remaining $2,000 for reserves. Is $2,000 enough reserves for 3-4 units?

[Jacob A.]

@John LaVecchia

Make sure you keep plenty of reserves for rehab and closing cost and an emergency fund in case something goes wrong. $6,000 is a GREAT start and I would suggest having at least six months of Expenses relating to the property to ensure that you don't get caught in a rough situation if something goes wrong. 

Great job at 19 to be planning for the future and always avoid debt unless it is to build your portfolio of rental homes.

Keep Grinding!!