I’m 19 and don’t really know where to start.

[Garrett R.]

Hey there everyone this is my first BP post. Like the title says I am 19 years old and within the past 6 months of learning about real estate investing I have decided it’s something I’d like to pursue. I’ve read the basic books like Rich Dad Poor Dad and the 4 hour work week with some others, as well as quite a few of the BP podcasts and really like the idea of buy and hold rentals to build residual income. I currently live at home with my parents in a suburb of Cleveland Ohio. My parents have made it clear they love having me at home and told me they don’t mind me staying for a few more years as long as I don’t become a deadbeat and have a job trying to better myself, which I am very thankful for. I have worked for a commercial carpentry construction company for about a year and been able to save most of every paycheck. I am also in the process of starting my own home inspection company which I plan on getting going part time by the beginning of next year. I have also been trying to network with as many contractors I come across so I can later have them as a contact in case I need them because I’ve read finding contractors is one of the hardest parts of investing. So far the plan come up with is to continue adding to the 10k I’ve been able to save and then buy a property to flip in order to build enough capital to fund the downpayment and rehab costs of a rental. I feel I need to learn more about loans and what is needed to take one out and handle it well so I don’t completely ruin myself. Anyways, I’m mostly looking for some advice on with my current situation what is the best course of action in order to reach my eventual goal of reaching 2k a month of residual income.