Quote from @Vanessa Lule: I’m an 18-year-old aspiring investor with a goal to build wealth in real estate.

Start conversations at community events and be transparent about your goals.

Choose a scaling strategy and identify long-term goals for success.Good luck!

Quote from @Carole Parker: Finding your 5th investment property is a great goal!

I was back out the next day putting up sticky notes, and we continue doing that every weekend along with driving for dollars (D4D).Our real goal is to focus on BRRRR (Buy, Rehab, Rent, Refinance, Repeat).

Alternatively, transferring the property to a revocable trust provides income for your parents, avoids probate, and keeps you as a beneficiary, but it doesn’t allow for a 1031 exchange and could trigger gift tax.Focus on aligning the structure with your goals, whether for immediate reinvestment or estate planning, and ensure compliance with Connecticut laws.This post does not create a CPA-Client relationship.

Financial independence is a worthy goal.

If you use an FHA loan as an individual, you’ll benefit from a low down payment (3.5%) and more lenient qualification requirements, but you won’t have liability protection, and the loan will stay in your name when it becomes a rental.Using a conventional loan through an LLC offers liability protection and scalability for future investments but requires a larger down payment (15-25%) and often comes with higher interest rates.If maximizing cash-on-cash return is your goal, FHA might be the better starting point.

Once you're ready, create a goal (e.g., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

It depends on your goals but I and many of my friends and clients started with house hacking and then used the equity to buy out of state.