Investing in real estate

[Joseph Franco]

Looking to get into real estate but don't know what way to head. I'm 22 years old living in San Diego with a good job. I'm currently building credit and have a good amount of money saved. I keep saving but don't know where to invest my money. 

[Emily Di]

Are you leaning toward rentals? flips, etc?  I became a landlord in San Diego because the only house I could afford was a triplex. Now, I highly recommend this path because one will learn quickly if they enjoy being a landlord or not. The entry cost can be as low as 3% which is cheaper than any college degree and you get a place to live while others help you pay the mortgage. You'll also get first hand experience about how the tax benefits come into play. Lastly, you most likely will get plenty of experience on the expenses involved in real estate which can guide future decisions. I cannot think of a better purchase to make in your 20's that can set you up for life. As I mentioned, I kind of stumbled upon this, but I am cognizant that I wouldn't be where I am had it not been for that first triplex. After some renovations, I refinanced owner-occupied and used the cash to purchase more rentals.