General investing (starting out at 21) Seeking advice and a Mentor

[Xavier Perera]

Little about me , I’ve always had big dreams and I’m very ambitious when it comes to real estate . I have been working since I was 15 , I’m now in construction only because I just don’t know exactly what I should be doing. I’ve been leaning on the oilfields to make my first 100k and then start out with real estate investing . Real estate has always been exciting for me and I just don’t know where to start out . I have this plan where I first start out with a duplex , Rent 1 live in one for a year move back in with my parents and then leverage off that duplex to get another property right away. Seeking some knowledge and experience from others that have been doing this for some time. I’m very eager to learn , I’m all ears … Any advice is much appreciated! also what would you have done differently if you were my age . Looking forward to hearing the replies

[Todd Holman]

Hello Xavier, congratulations on making your 1st $100K. I remember the 1st time I did that in my mid 20's and I was on cloud 9! You're on the right thought process to preserve you $ and build wealth, a duplex is a good start but I may have a better real estate suggestion that could build wealth faster while doing a house hack.  Typically this particular house hack works best if you don't have young children.  

P.S. I grew up in Minneapolis, MN.  I can relate to the cold winter's that will soon be knocking on your door.  I've been in Central Florida since 2003.