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Updated over 6 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Austin Gleave
  • Rental Property Investor
  • Minot, ND
1
Votes |
6
Posts

Advice for a 23 year old starting out with real estate.

Austin Gleave
  • Rental Property Investor
  • Minot, ND
Posted
I work full time in oilfield in North Dakota. I bought my first home at 20 which at 22 I started renting it out to a family great renters. Now I don’t have much cash flow with this property but I take said rent check and put it right at mortgage so essentially I have made double payments on this property for year and half. I’m just wanting advice if I’m doing right by this decision or if I should be investing in another property with this money? Or put in my personal retirement brokerage account? Just young and wanting opinions.

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