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Updated 5 months ago on . Most recent reply
New Investor Question
Greetings,
I am a 22-year-old college graduate with $110,000 saved up, no debt, a good credit score, and have been working full-time since July this year. I currently live at home for free, and therefore fortunately do not have any significant monthly expenses. I am interested in getting into real estate investing in the near future (I was thinking about single-family homes). What steps should I be taking right now to prepare myself to buy my first investment property? Any advice would be greatly appreciated. Thank you.
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#5 All Forums Contributor
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Quote from @Adam Montelongo:
Greetings,
I am a 22-year-old college graduate with $110,000 saved up, no debt, a good credit score, and have been working full-time since July this year. I currently live at home for free, and therefore fortunately do not have any significant monthly expenses. I am interested in getting into real estate investing in the near future (I was thinking about single-family homes). What steps should I be taking right now to prepare myself to buy my first investment property? Any advice would be greatly appreciated. Thank you.
Use an FHA loan and buy yourself a house that you can hack. I bought my 1st house at 21. 16 years later I've done over $200 Million in transactions. It all started from that 1st deal.