Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Tyler Singer
  • Dania, FL
0
Votes |
2
Posts

Looking for advice on building a future

Tyler Singer
  • Dania, FL
Posted

Hello, my name is Tyler I'm 21 and I'm getting an inheritance of about $35,000. I was wondering what would be the best thing to get started in real estate investment, short term hard money loans, tax liens. So in general just wanted some help on where i should start and how i should go about starting out in that particular field

Most Popular Reply

User Stats

287
Posts
270
Votes
Ryan E.
  • Investor
  • Salt Lake City, UT
270
Votes |
287
Posts
Ryan E.
  • Investor
  • Salt Lake City, UT
Replied

Tyler, do you have any income? With $35k if I was you at your age I would use that money as a down payment and house hack a 2-4 unit property as well as rent out any spare bedrooms in the unit you live. If you do it right that will jump start your real estate investing faster and possibly safer than most other routes. You will have equity pay down and possibly even have cash flow coming in on top of having your mortgage covered. If you are interested in buying a value add property then you can rehab it and maybe even pull out most of your initial investment utilizing the BRRRR strategy. This will all be dependent on if you have income and can obtain a loan or have someone to cosign on a loan.

Loading replies...