19 year old, just getting started

[Quin Weidner]

Hi guys,

I'm brand new to real estate investing.

I'm going to school in a college town that has a good market of both students (with big money parents), and a large local community. 

As a 19 year old, I realized I can make a lot more money than I need to spend- when I'm not in school. I would really like to be able to manage my investments on the side as I go to school.

However, I'm getting overwhelmed with information about real estate. I don't know where to start.

Can anyone recommend a good strategy or type of asset that I can spend a lot of time learning about? Right now, I don't know how to chose.

Also, is anyone currently near Detroit, MI or Charlottesville, VA?

thanks so much, I really appreciate any advice!

Quin

[Andrew Beaver]

Considering you're 19, probably paying rent (not knowing your financial situation), owner occupy would be a great way to start this venture out. After you take the time to learn a market, it's rents, and networking, I believe purchasing a 2-4 bedroom house near campus and renting out rooms. Potentially living for free. This is a similar strategy I'm looking to take but with a multi family home. This will give you the knowledge of being a landlord with minimal cost to you. But before buying, reading/listening and getting an understanding of what's out there is best. Don't get wrapped up in the hype of certain real estate strategies (get rich quick real estate). You're starting early, you can make big things happen if you do your due diligence up front.

Good luck. I like the Michigan market as I use to live in Dearborn/Saginaw