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Updated almost 4 years ago on . Most recent reply

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17
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4
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Crispin Wong
  • Murrieta, CA
4
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17
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What steps to take to start real estate

Crispin Wong
  • Murrieta, CA
Posted

I’m 18 make 21.60 an hour but I’m looking to get into real estate early or get a foot in the door what steps do I take and what’s the best way to go about it

Most Popular Reply

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169
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37
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Tim Sipowicz
  • Rental Property Investor
  • Lockport, IL
37
Votes |
169
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Tim Sipowicz
  • Rental Property Investor
  • Lockport, IL
Replied

@Crispin Wong the more you read into RE, the more you'll hear about house hacking. Don't know what you're current living situation is but if I were to go back in time when it was doable for me, I would most definitely house hack. Purchase a property, like a duplex perhaps, with a low money down FHA loan. Live in one of the units and rent out the other to try and cover as much of your living expenses as you can. By law you have to live in the property for a year before moving out and obtaining another property. This is the best way I think for someone new to get into RE investing. Good luck and good for you for being motivated to get started.

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