Want to start investing but don't know where

[Marco Schoett]

Just for a little back ground, Im a 24 year old fireman in South Florida. I live with my Mom at the moment with my girlfriend and this has been awesome for us, we have been able to save money and get along well. I was originally saving to buy a home and have a decent down payment that I'm still building but with the massive spike in the market down here since the beginning of Covid, buying the home we would want has slipped out of reach. 

This inspired me to start looking into real estate investing, which is something I have always wanted to do. I have been educating myself through books, podcasts and talking to people that I know who own LTR's. I don't have a problem staying with my mom for a little longer and figured with my time off as a firefighter and the money I saved up it would be a perfect opportunity to begin investing. 

My questions are:

A. It seems as if the rental market in South Florida is extremely saturated and hard to get into, does anyone have any information that could confirm or deny this?

B. If that is the case what are some interesting markets to look into or what is the best way to find them.

C. Any helpful tips or mistakes to avoid for someone in my position?

Thank you for all the help in advance!

[Dwayne Byrd]

You have to "Just do something" and not stand on the sideline because markets are "saturated". A saturated market would seem that you would have an abundance of opportunity. Everyone needs somewhere to live and rest their head at the end of the day. A saturated market means that there are a lot of people doing it right and some doing it wrong. Figure out what works for your area ect. There is a wealth of opportunity up here in Central Florida. You do have something awesome going for you in that you can live with parents and save up cash while working a w2 job! That is great grounds to getting your foothold on a first property! With you luck!