Should I wait to purchase first Investment property?

[Nathan Lilly]

Hello, I am 20 years old in college and wanting to relocate after graduation. my question is should I purchase my first property in this coming year or wait until I relocate and start a career until I transition into real estate investing fully?

[Ron Flatt]

Your question is great but more information is needed?  

1st) are you currently renting-  if you are renting then you could buy a house and house hack or duplex, living in one side while tenants pay for the building in the other, or a triplex or 4-plex.  The key is do you have skin to put in the game, otherwise it will be tougher to find a deal to get into. 

2nd)  do you have car payments that is eating up your income?  Many college students have more car than they can afford

3rd) do you have good credit, bad credit or no credit" Do you have someone willing to co-sign for you or JV with you?

4th)  how much time are you going to remain in the area you are in?