New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
New member from New York
Hello everyone!
I am new to the site (still in the process of finishing my profile) and am new to the whole real estate investment. I am looking to get my hands dirty in the next couple of months. I am 22 and basically will start my career soon. I started reading the Ultimate Guide as well.
I am looking for cash flow at first before I start trying out other areas. My plan right now is to save some money to get a good down payment down and pay off the first property as quickly as possible to get a higher cash flow (if that makes sense). Then I hope to get more properties from then on and using some leverage.
Is this a good plan? If not, what should be my first steps? Also, are there any tips for beginners like me that you would like to share? Things to avoid? Common mistakes? I am basically open to learning as much as possible before starting out since I would not like to commit some mistake that will basically ruin me financially for the next 10 years.
Thank you for your time and I hope I can get to know all of you in the forums soon!