All Forum Posts by: Navya Rajput

@Navya Rajput

Consider opening a ROTH IRA and then investing into real estate as the gains will grow tax free.

Start now, don't wait, my son started investing when he was 16 years old, he made $3,000 on his first assignment transaction. He hasn't had a real job since, he is now 39 years old and invest in bigger and more profitable transactions.

Learn how to invest creatively while using high leverage and understand the concepts of selling real estate you control (not own). When you can do this, you too will never work for another.

Good luck

Hi Navya,

  Graduating from CMU is not something to squander! Are you an engineer? My opinion (maybe not typical for BP) would be to get a corporate/techie job and start dumping money into a 401(k).  Live below your means (student lifestyle with a corporate salary) and save up for a down payment.   (Note that a 401(k) might be useable for a down payment.)

When you are ready to buy, then think about getting a house and renting out rooms to friends or co-workers. Or do a duplex if that works.

Just remember that a good W2 income and low personal  expenses is a HUGE advantage that many other beginning real estate investors don't have.

(OTOH, if you were a philosophy major, please ignore... )

@Navya Rajput  first thing a smart kid like you should do is get a RE license in your state even if you never use it.. but if you do it will help you earn while you learn...

there is a progression I RE and selling it usually leads to investing in it and being successful.

now if your not going to think of it as a career then just doing it part time so you have MLS access in my mind will pay for itself over time.

Hi Navya! First step is to read @Brandon Turner book on no and low money down investing. I would highly suggest going to local real estate investment meetings to start. Find the people there that are doing a bunch of deals and offer to partner with them. Most investors will go 50/50 with you on a deal and provide 100% funding for project where numbers make sense.

Inspiration: I am 25 and have been able to secure 5 properties so far and looking to add more asap. Creative financing and confidence is key.