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Updated 1 day ago, 12/28/2024

User Stats

6
Posts
9
Votes
Abby Blumenfeld#1 Real Estate Success Stories Contributor
  • NYC
9
Votes |
6
Posts

Buying My First Investment Property at 21

Abby Blumenfeld#1 Real Estate Success Stories Contributor
  • NYC
Posted

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.

User Stats

385
Posts
219
Votes
Mat O'Grady
  • Investor
  • North Stonington, CT
219
Votes |
385
Posts
Mat O'Grady
  • Investor
  • North Stonington, CT
Replied

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.

User Stats

516
Posts
400
Votes
Samuel Eddinger
  • Meriden, CT
400
Votes |
516
Posts
Samuel Eddinger
  • Meriden, CT
Replied

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.

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User Stats

186
Posts
137
Votes
Julia Lyrberg
  • Lender
  • TX
137
Votes |
186
Posts
Julia Lyrberg
  • Lender
  • TX
Replied

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.

User Stats

52
Posts
29
Votes
Lorraine Hadden
Agent
Pro Member
  • Real Estate Broker
  • California
29
Votes |
52
Posts
Lorraine Hadden
Agent
Pro Member
  • Real Estate Broker
  • California
Replied

@Abby Blumenfeld 

That's incredibly impressive! Buying an investment property at 21 shows amazing foresight and financial responsibility. Way to go!


  • Lorraine Hadden
  • User Stats

    66
    Posts
    15
    Votes
    Replied

    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?

    User Stats

    598
    Posts
    238
    Votes
    Jonathan Soto
    • Lender
    • Newark, NJ
    238
    Votes |
    598
    Posts
    Jonathan Soto
    • Lender
    • Newark, NJ
    Replied

    incredible! congrats. to many more projects in the near future. best of luck on your journey