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Updated almost 12 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Joseph A.
  • Escondido, CA
1
Votes |
6
Posts

beginning my real estate investing career

Joseph A.
  • Escondido, CA
Posted

Hi everyone, i am new to biggerpockets.com, as I have only recently discovered this site. Although i am very young(recently turned 18) I have always dreamed of investing in real estate. I have recently obtained a job and will be investing a large chunk of change in the stock market, through my mother's stockbroker. Anyways, although I will not likely begin snatching up properties very soon(as I have no credit and banks wont give me a loan and I dont have enough initial capital for a downpayment) I would like to begin as soon as possible and in the meantime, obtain any and all advice, concerns, experiences so that I may learn from it. Ideally I think I will invest in a multi family unit and use the income I receive from tenants to pay off the loan that I took out on the property. Once it is paid off or nearly paid down, I will use additional rent money to purchase another property and so on, eventually using this income to finance another start up business venture. Because I have no experience I would appreciate any info on such topics as: financing your investment, renovation/repairs, risks, tenant selection and eviction processes, and landlord duties. If I have neglected any subjects, feel free to comment with your advice. Thanks for any and all help!

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