Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
21yr Old...$220k in cash, don’t know where to start.
Hello everyone,
I’m 21 years old and currently live with my parents here in New Jersey. I have my associates degree and work a seasonal Restaurant Job making $30k a summer. I also have my Real estate license but I’ve completed 6 deals so far and I’m starting to realize I don’t like being an agent. But I do have a huge passion for investing in RE.
I’ve been able to save a good chunk of cash over the years ($220k) and I’m wondering if anyone here could give me some investing or career advice. I really want to get my feet wet with investing in rental properties but I realize you need a steady income to borrow from the bank.
Any opinions or advice would be greatly appreciated!