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Updated over 12 years ago,
Where to start?
Hello there everyone. My name is Pawel. I know this might be a question that's asked here daily, but where should i start? I am currently 22 and going to school for what seems to me an endless rat race with no bright future. I would love to start a real estate business as i have always been intrigued by it. A few things about me: I work a pretty dead end job as a server but make okay money for the education I have. I am one of the hardest workers I know. I have about 13k saved up in my account and would like to invest it in real estate. However, I am not sure what i should do. I love fixing houses so i thought about house flipping although i have snooped around this forum and quickly learned that i would need far more money for that. I was also thinking of buying a rental property as there are plenty in my area. My only problem with this is once i do buy it i feel like my money will be frozen in that property. Although i have a great credit what would be that chance of me getting multiple loans with my low income? I do not want to purchase one property and be stuck at that property for 5 years while trying to raise capital again. This post might seem like im jumping the gun a bit but i am just looking for some opinions. What would you guys do if you were in my position. Any help is greatly appreciated! Thank you!