All Forum Posts by: Hayden McDougal

 Hayden, congratulations on identifying real estate as your target vehicle to build your life around at such a young age.  I'd echo the idea of house hacking initially.  Buy your first house and rent out rooms to buddies to live with you.  While they are paying the mortgage, continue to save for your next deal to move into bigger deals.  It's Monopoly and there is real money at stake.

4 green houses to 1 red hotel. You can rinse and repeat every few years. When you get your fourth SFR, trade up to a bigger deal with the equity accrued. You can be into some really good deals by the time you're 30 and all your friends will wonder how you did it.

Patience and perseverance.

Good for you. You have 2 limiting factors: lack of consistent W-2 income and minimal capital. Banks lending to you will want to see you have the consistent income. If you "house hack" and live in one of the units of the building you buy, you could potentially put only 5% down. Meaning your 10k could at a maximum get you a $200k building, which may not be feasible depending on where you live. And that's assuming a bank would finance the other 95% which you'd need a job to support.

Keep learning, keep saving and you'll have a very bright future ahead of you.