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Updated over 9 years ago,
REI Newbie
Hey there. I'm 27 and have been spending a lot of time "at work" reading articles on BP. I'm very curious and know that the best way to learn a business is to be in business but have limited resources at the moment. Happy to say that this was my first year I was able to contribute max to my Roth IRA and still have plenty of months before April 2016! I would consider myself a long-term investor because of my age, so I don't get scared easily by drops in the market (like the recent week).
Also, timing is everything! I'm currently living abroad (don't tell my brokerage!) and plan on having enough when I return in June to put money down on my first house. I'm hoping to pool funds with a buddy of mine so we would buy the house together and rent out rooms to friends. I've lived with these guys for about 2 years already and things go really well.
Some hesitations: a) living with tenants b) having my tenants be my friends. If its my mortgage, and I'm renting out to make money, its going to be clear that they are paying rent in order for me to pocket some money (might be awkward?)
Anyways, that's where I'm at, wasn't really looking for advice but BP wants me to get involved with the forums lol so here's to my first post!