Investing while young

[Marcus Johnson]

I’m 19, deployed in Kuwait right now. Been looking to doing real estate for sometime now, I’ll have about $20k to invest in real estate when I come back just looking to where do I get started, seeing if I can get any guidance any help is appreciated.

[Cody Barna]

@Marcus Johnson depending on the market you plan to invest in, $20k should be a sufficient amount to get started with. I highly recommend starting with a house hack, this will allow you to utilize a low downpayment loan while providing a place to live. It also gives you more flexibility in terms of monthly cash flow, since you don't necessarily have to make a profit for the property to make sense. For example, paying $1,200 per month in rent for an apartment vs coming out of pocket $200-$300 or breaking even every month while owning a rental property. Not only do you save a lot of money on living expenses, but you also reap the benefits of owning real estate. (appreciation, loan pay down, taxes, etc.)