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Updated almost 5 years ago,
Can I Start Investing In Real Estate? - Tips for a Newbie
I am a Junior in college and my ultimate goal is to be financially independent. Ideally, I would like to have Rental Property Cash Flow cover my living expenses.
I am 20 years old and a Junior in college, I have read multiple bigger pockets books and watched numerous webinars trying to soak up as much information as I can. I am very attracted to the BRRRR method, I have always had a knack for renovation and have undertaken a few of my own projects, such as a complete remodeling of my bathroom, over the last year. For the most part I understand the BRRRR process and the importance of finding a good deal.
I guess my main question right now is who is going to lend money to a 20 Year Old with $80k in student debt and no steady income?
I am unaware of where I will end up (geographically) once I graduate so I don't want to undertake a property till then. But is that the wrong way to think about this? Should I be looking to invest in Miami while I am here for the next year and a half and get one under my belt before moving?
I would greatly appreciate any tips on starting out as a young investor.