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Updated over 7 years ago on . Most recent reply

Hector Gonzalez's profile image
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Hector Gonzalez
  • from Irving, Texas
  • Member since Jul 16, 2017
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Hector Gonzalez's profile image
Hector Gonzalez's profile image
Hector Gonzalez
  • from Irving, Texas
  • Member since Jul 16, 2017
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Hector Gonzalez
  • Irving, TX
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4
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Buying & Selling Real Estate

How does someone exactly start investing in real estate?

Hector Gonzalez
  • Irving, TX
Posted
What are the exact steps in investing in real estate for an 18 year old who lives in Dallas, Texas and has only 5,000 to invest in?
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Account Closed's profile image
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Account Closed
  • from Oakland, California
  • Member since Jul 23, 2017
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Account Closed
  • from Oakland, California
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Account Closed
  • Oakland, CA
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Account Closed
  • Oakland, CA
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I start investing real estate by renting a house to a family. Since then, more and more...

If I could go back to many years ago, and if my age is young like you, I would go through these steps:

1. Find a stable W-2 jobs, save as much money as I can.

2. After having 2 years of W-2 job history, purchase a 4-plex using FHA loan with 3.5% down payment. You live in one of the units, and rent out the other 3 units.

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