SAVING MONEY TO INVEST, OPTIONS OR TIPS ?

[Jesse Barahona]

Hey you guys Im a 21 Year old living in Dallas Tx, and for the longest I have been extremely interested in real estate investing. I have about $10,000 saved up in cash and I dont know if I should start looking for homes or continue to read and listen to podcast for more knowledge. Any tips for a starting future investor ? When will it be the right time to start ? Or should I save some more money ?

[Travis DeForge]

@Jesse Barahona, Look into using an FHA loan to purchase a duplex or a triplex and house hack it. It will let you get into real estate investing with low barrier of entry (3.5% down payment). This should allow you to live for free while the tenants in the other units are paying your bills for you. This will do two major things for your wealth building:

1) You'll be building equity every month as the tenants pay the mortgage for you. 

2) It will free up the cash you are currently spending on living expenses to save up for the next down payment (or to speed up paying off any debt you might have?)

Feel free to PM me if you have any questions,