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Updated almost 7 years ago on . Most recent reply
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How do I prepare to get started in the real estate business?
I’m 24 years old I have a steady job make around $2,000 a month I want to get into buying and renting out properties so I can see a million dollars in my bank account one day. Basically what I need to know is how much do I need to save? Which type of property should I start with(house, condo, trailer home, etc.)? How much do I need to make a month to maintain the property and possibly save up for another one? Those are my main questions if you guys have any additional advice please post it.
FYI I’m in the Southern California area. Average prices are $300k to $500 for houses $110k to $250k for a condo and $50k to $140k for a trailer home.