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Updated over 3 years ago on . Most recent reply

User Stats

1
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Francisco Jose Paredes
  • Wholesaler
  • Omaha, NE
1
Votes |
1
Posts

19 Years Old looking for some advice

Francisco Jose Paredes
  • Wholesaler
  • Omaha, NE
Posted

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

User Stats

431
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280
Votes
Genny Li
  • Baltimore, MD
280
Votes |
431
Posts
Genny Li
  • Baltimore, MD
Replied

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.

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