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Updated about 6 years ago,
Getting Started as a Young Investor
Hey everybody! I'm 23, just graduated school and am in the process of getting started with buy and hold investing. My goal is to use a combination of real estate and index fund investing to achieve FI. Everywhere I look I hear people talking about how they wish they got started when they were younger and I'm so glad to have found BP as early on as I did. That being said, I'm running into a lot of trouble getting the gears turning.
Brandon Turner talks about how you need two of the three following things to succeed in RE: Money, Hustle, or Time.
I'm working two jobs, living at home and have a savings rate of over 70%, but even still it'll be 2-3 years before I have enough saved up to cover a personal emergency fund, down payment, and reserves.
I've considered getting my license or getting into wholesaling but due to the costs of living on Long Island and the fact that my professional and social networks are entirely NYC-based, I'll likely be moving to a new market within the year.
Do any other younger investors out there have any stories/tips they could share as to how they got the ball rolling?
Do any older investors have any advice as to ways I can get involved in the RE community while saving up?
Thanks!