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Updated almost 6 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
Stacy Higgins
  • Dallas, TX
1
Votes |
8
Posts

I’m 23 years old and I want to get into Real estate investing.

Stacy Higgins
  • Dallas, TX
Posted

I don’t have capital to get into Real estate but used that it’s not hard to see deals. I just want some advice on how I should start. I currently work for a company and do not make much at all.

Most Popular Reply

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617
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456
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Karen O.
  • NYC, NY
456
Votes |
617
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Karen O.
  • NYC, NY
Replied

This question is asked often.  Look under starting out in the forums.

Answers I see often include:

Save.  Save some more.

Get a better paying job.

Get a side hustle or 2 or 3 and save that.

To learn about the RE business from the inside, get a job in RE or with those who own or support RE: a RE brokerage, construction co, mortgage co, accounting, banking, insurance, appraisal, inspection, electrician, plumber, roofer, painter, property mgmt, hardware or supply store, etc.

Go to local REIA meetings to learn and network.

Network.  Network some more.

Find a mentor.. be helpful while you learn.

Look for deals.  Run the #s.  Be cautious. It'll be scary the first time but it gets easier.  

Don't over leverage. 

House hack can be a good hands on learning experience and help you lower your housing costs.

Time is on your side.  Use it.

Remember that owning RE is not passive.  

Good luck.

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