Getting started at 20 years old

[Clay Rikard]

I am 20 year old college student looking to get into rental property sometime soon. I’m sure some rules vary from state to state so I threw in the fact I’m from Louisiana. What would y’all recommend to a newbie with not a ton of capital. Thanks!

[Jeremy Taggart]

@Clay Rikard study up and learn about real estate as much as you can while you're in college and then when you get out house hack a 3-4 unit. Also study up and become an expert in the market you are looking to invest in. Use an FHA loan with 3.5% down and utilize the 6% seller assist and you'll be able to acquire the property with very little out of pocket. Then after a year or two you can move out and make this an investment property while you move onto the next one. Next move could be a single family you live in using a 5% down conventional loan, also very little out of pocket.