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Updated almost 5 years ago, 11/27/2019
Family discouraging me from investing in real estate
Hi guys,
I'm 23 years old and currently have a rental condo. The HOA has been raised to $330 a month so I plan on selling it and reinvesting what's left after paying the debt off... I plan on buying a SFH or a multi family, whichever I can qualify for.
My family has been discouraging me and telling me that there is no real money in real estate and that most people buy homes rather than rent these days. I don’t think the latter is true at all.
Any advice and any stories of overcoming adversity for a young hungry investor? I appreciate any of the veteran’s wisdom. Thank you for your time.