Updated almost 5 years ago on . Most recent reply
New investor starting out
Hi guys! I’m 18 and in Tulsa Oklahoma. I just started looking into real estate investing (I know, I’m a newbie) and just wanted some advice. I only have 6k saved up in cash but extremely good credit for my age. I know I could try and get a loan right now but many houses are prices higher and getting bought out with cash offers that I can’t compete with. Should I wait, save up, get a loan, etc.?
Mostly looking for advice for a new investor. Thank you so much :)
Most Popular Reply
@Jaclyn Manion
Don’t let that $6k burn a hole in your pocket. In this market, it would be very difficult for a newbie to find a deal worth spending everything they have on. I’d recommend continuing to educate yourself, save up, and seek out a side hustle connected to real estate that will boost both your education and finances. Try to find a local investor and see if you can help them with anything while you wait for the market to cool down.