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Updated over 7 years ago,
28 years old and NOW starting in real estate
My name is Billy, I am 28 years old, I make 90k per year and am currently renting a 1 bedroom in Staten Island NY for $1100 monthly. I am looking to purchase my first home/real estate investment but have no idea where to start or if what I am looking to do is wise.
My Idea: Since I am renting for $1100 monthly, why not put enough money down on a small condo or coop so I am at least putting my money toward something that will eventually be a valuable asset.
Question: Any successful real estate investors out there? Would you do the same? Do you have any advice or wise words? Nobody has taught me a damn thing about real estate and I am going in sort of blind.