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Updated 1 day ago, 12/28/2024
Buying My First Investment Property at 21
At 21, I took a leap of faith and bought my first investment property—a fixer-upper in Hamden, Connecticut. I knew nothing about renovations, home ownership, or property management, but I had a vision, determination, and a mentor in my dad. I learned the hard way that every project takes twice as long and costs twice as much, but I stuck with it. That property is now a reliable source of rental income and a constant reminder that success starts with taking action, learning on the fly, and embracing challenges head-on.
Congrats! I am glad that I am not the only one who takes twice as long and spends twice as much, haha. In the end it will all work out.
That's awesome @Abby Blumenfeld. I'm a CT based investor myself. You are exactly correct that every project always has a wrinkle that costs more and takes more time. Real estate is all about getting rich slow, not quick.
I'd be happy to connect. If interested, DM me.
Love this story! Taking a leap at 21 and turning a fixer-upper into a solid rental is really impressive. Sounds like you learned a ton along the way.
@Abby Blumenfeld
That's incredibly impressive! Buying an investment property at 21 shows amazing foresight and financial responsibility. Way to go!
Abby, that’s incredible! Taking action at 21 shows massive confidence and drive. I’m working toward my first deal now, and your story reminds me that success starts with stepping into the unknown. I may not have the experience yet, but I’ve got the energy and determination to make it happen.
Out of curiosity, what’s one piece of advice you’d give someone just starting out?
incredible! congrats. to many more projects in the near future. best of luck on your journey