Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

3
Posts
1
Votes
Diego Santos
1
Votes |
3
Posts

What are my First steps into real estate Investing

Diego Santos
Posted

Hello, im 20 years old and I am extremely interested in turning real estate investing to my full time job at one point. I currently make about 36-40k a year and am living at home. I got into finance and investing about a year ago and have been able to save up about 5k cash, 6k in my roth ira, and 5k in a brokerage account. I want my next big investment to be in real estate my doing 3.5% down with an FHA loan, live in it for 2 years while renovating it, and then refinancing to buy the next one. My price range would be between 200k-250k for the first house. Ideally a duplex and rent out the other unit but single family if i cannot find anything. Are these good steps to take? What else do i need to consider? Will my current income not allow me to be approved for loans? What else can i do right now to prepare?

Loading replies...