Starting off Real Estate

[Julian Rivera]

Hello BiggerPockets Community, 

I'm 23 years old, reside out of Moreno Valley California. Word has it that Riverside (next door to me), is a hot and growing market! As for a beginner wanting to expand their own passive income/portfolio, I'm fully aware , an investor must be as frugal as one can be and save more than 70percent of their income in order to purchase their own property. I've saved plenty of capital but notice the market around me is way out of my range and would be difficult to get pre-qualified for a loan. What would be a pro-tip or suggestion for me to kick start real estate investing? (highly interested buying and holding) I'm open to many opinions and would love to hear many (in Inland Empire Area) that have successfully invested in my similar market! I look forward to connecting with some of you and hope to gain as much knowledge along the way!

[Julian Rivera]

@Hadar Orkibi Hello Mr. Orkibki! Mindset goes along way when it comes setting fourth a path toward success. I agree with you 100 percent ! It takes sacrifice and surrounding yourself not only with those that HAVE done it, but also a great support system. Before coming across REI, I knew nothing of assets! Just a young kid who wanted a good paying job to buy my dream car ( 2018 charger scatpack ) which I accomplished ! But then I found myself in a pickle, I felt if this is how life would be like, gain capital and work for the rest of my life, I knew it wasn't for me. I'd like to reach for something I knew my father would have wanted to do when he was a teenager. Long story short, I came across real estate investing and knew this was my path, I was frugal, I saved most of my income , great credit score, only thing holding me back, lack of knowledge, and liabilities. Swallowed the hard pill and sold my dream car , cut off time wasting hobbies, bought books, listen to seminars, observed the greatest Real estate investors across the country and began DOING IT! Also came across BiggerPockets community, which was the greatest thing so far! I look forward connecting with hundreds of more like yourself! Thank you for sharing your thoughts!