100k to invest, Im 19yo with 0 experience, please help

[Eli K.]

I am 19 years old with zero experience in real estate but I gained some knowledge from these forms , Anyways I have a single mother and we are selling our house in upstate newyork and Moving to Jacksonville FL , and We will have around 100k to 130k . I know i want to invest in real estate but im scared of making mistakes, I wanted to buy a single family home from a local turnkey called Morris invest because I thought its safer to buy with him because he rehabes the property , but I’ve heard bad things about him . My second option is to move to Indianapolis and invest in multi families by myself using a realtor, but im worried of making some fatal mistakes and loosing some money as those are the  only thing we have left . Please help me with making the best decision and if choose the second option, how can I avoid making fatal mistakes? And would i be able to Qualify for a loan on a rental if I only make minimum wage but i have the down payment? My mother doesn’t know how to invest and shes depending on me, I really need serious help

[Stefano Grottoli]

Go with house hacking to start. You will be able to get FHA financing, will be close to your tenants, and will also start to get your feet wet in REI!

Also, educate yourself! Read the Ultimate Beginners Guide here on BP, and there’s a lot of blog and forum posts on house hacking! Good luck!