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Updated about 4 years ago,

User Stats

37
Posts
29
Votes
Taylor Thompson
  • Property Manager
  • Denver CO
29
Votes |
37
Posts

Getting first rental at 19 and expanding

Taylor Thompson
  • Property Manager
  • Denver CO
Posted

Hey everyone! The last year I've spent learning as much as I can about real estate and plan on getting my first rental within a year from now. I will have over $30,000 saved up by then but trying figure out what's the fastest way to get a 2nd property and get closer to financial independence. For my 2nd property I will be house hacking but for my first property I'm not sure which strategy to do. I live in Colorado which is a expensive market but my parents will also help co sign for a loan. I have a higher income so I'm not worried about getting the loan but should I also get a house hack for my first property? Or a mobile home or multi family or a BRRRR? My main goal is just financial independence as fast as possible and how to expand as fast as possible. Any comments would be very helpful, thank you!

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