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Updated about 4 years ago on . Most recent reply

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10
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Kyle R Vreeland
  • West Milford, NJ
4
Votes |
10
Posts

Early stages of investing, looking for advice for beginners

Kyle R Vreeland
  • West Milford, NJ
Posted

Hi everybody, I’m a 22 year old looking for general advice to guide me in the right direction. Ive been interested in real estate for some time now and I decided that this is something I’d really want to pursue in the near future or as soon as possible.I currently work full time, and I’m having trouble finding a direction to go financially to fund my first deal. I currently am paying off student debt ($6500) which I feel is holding me back. Is it possible to start investing now or would it be a good idea to wait and pay off my debt first ?! Any advice would be appreciated, thank you !

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869
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920
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George W.
  • Investor
  • New Jersey
920
Votes |
869
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George W.
  • Investor
  • New Jersey
Replied

When you say start investing now what specifically are you looking to do? Buy & hold? Flipping? Brrr? House hacking? Wholesaling? 

There's alot of diffrent avenues you can go investing in RE. 

I'd recommend to continue learning about investing and pay off debts but more importantly acutally save money. Figure out a monthly budget for yourself and start paying your savings account like it's another bill every month. If you analyze your spending habits, there is almost always a category where expenses can be cut easily to fund your "monthly savings" bill. 

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