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Updated about 6 years ago,

User Stats

6
Posts
5
Votes
Tyler Labrador
  • Rental Property Investor
  • Las Vegas
5
Votes |
6
Posts

What advice do you wish someone had told you at 21 years old?

Tyler Labrador
  • Rental Property Investor
  • Las Vegas
Posted

Doesn't have to be real estate related! I just want to hear what life's big lessons have taught you, and how I can learn from it. 

Some of my background:

  • I live in Las Vegas, NV
  • I have a girlfriend
  • I read a lot and I try to go to as many RE events as my schedule allows to network
  • I currently save 25% of my income ($500/mo), and next year I plan to cut down on food, rent, and car ( I've heard about the book "Set for Life" and I'm planning on reading it soon! ) in order to save close to 50% after my promotion ($1500/mo)
  • No debt, $500 emergency fund. I want to build it to 5k.
  • 750 credit score, never missed a payment
  • I'm thinking about buying a 4b house next year, living in one bedroom and renting out the other rooms to friends at $500 each. However, Vegas market prices are high and I'm hearing some local investors say that we're starting to enter a recession. Some thoughts?

My goal is financial independence and real estate is my ticket to wealth. Buy and holds will be my bread and butter, and I eventually want to move into multifamily. Any and all advice is appreciated! It doesn't have to be real estate related! Thank you!  (:

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