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Updated over 3 years ago on . Most recent reply
19 Years Old looking for some advice
My name is Francisco, I am 19 years old and I am in a crucial situation in my life and I would love to hear the opinion of people with more knowledge than me in this area.
I am located in Omaha, Nebraska. I have been learning about real estate since September 2020 so I have been learning about real estate investing for a year now.
What I would like to know from more experienced and knowledgeable people is what you would have done if you were 19 years old and had $65,000 in the bank.
I have spent the last month learning about the possibility of using the FHA and hacking into a multifamily property.
I am in college studying accounting, I work in a restaurant and as a German teacher making $2000 a month, my credit started 6 months ago and is 690. I am young and fascinated with real estate and its potential.
If you have any opinions on what to do, how you would do it, I would love to hear them.
Having that kind of money is crucial and the decision I make is going to be very important to further my career as a real estate investor.
Most Popular Reply
I would buy a duplex to four-plex, whatever my credit would allow me to get, and live in one and rent the others. If it was crappy, I'd fix up the one I was living in, then as soon as another was vacant, I'd move into that one, wash and repeat.