All Forum Posts by: Owen Reeter

Thanks for the reply, what you said makes perfect sense. A follow up question I now have would be do you think its smarter to completely pay off the first property before buying a new property or to keep going out and buying new properties once i have enough saved up for the down payment along with extra fees? I know you said you're not an agent but just curious on what your opinion would be!

I am 20 years old and trying to learn as much as i can about real estate so that when i graduate college and have a steady income Ill be able to make smart investments hopefully leading to financial freedom. Now I am brand new to real estate so this could be dumb but I'm reading Brandon Turners "Rental Property Investing" book and I was intrigued by chapter 3 where he list out 4 plans to start with when getting into real estate. I was specifically interested in his 2nd plan which was "Building wealth through single-family homes" where he basically says you save enough to buy your first property along with enough for other fees and then you just keep saving the money you make from that property along with some money you save from your job and once you have enough money you buy your next property and then you basically just keep repeating that until you have your desired amount of properties. That all makes sense to me but it makes me wonder how can you be "financially free" or even just start building wealth if you are 100's of thousands of dollars in debt at all times. Like I see how it could work in a perfect world but i cant wrap my head around the idea that I could be making a profit if I still don't actually own the house and still have to pay down all of the loans. I mean isn't all my saved money just going into another property that will just put me in even more debt. I understand that the tenants will paying me money that i will put towards paying off the house but it just seems like so much could go wrong. Hopefully that makes sense, please let me know if I'm just being dumb or if that's a valid question!

I’m almost 21 and still in school but I’m interested in real estate because I’ve heard of what it’s been able to do for people. Since I’m still in school I don’t have much money, I’m trying to learn as much as I can about real estate so that way once I get a job out of college and a steady income I’ll know what to do with my money. My questions are what books or other resources would you recommend to someone just getting started and also what is the best path to get started on in real estate for someone in my position? Thanks!