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Updated almost 7 years ago,
100k to invest, Im 19yo with 0 experience, please help
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