New To Real Estate Investing! Need Help!
hello,
im only 19 years old dont really have that much money to invest with
only about 5k or so
is there anyone out there that was in my same position or has advice on how to start a great future in real estate investing
any tips or adive you can give me would help greatly
thank you
im only 19 years old dont really have that much money to invest with
only about 5k or so
is there anyone out there that was in my same position or has advice on how to start a great future in real estate investing
any tips or adive you can give me would help greatly
thank you
Comments(0)
Spend a lot of time in the forums at TCI and find a local REIA group (see Groups tab above), join and attend the meetings...
[addsig]
I have a question for you....
Why do you want to get started in REI?
your answer will dictate my response.
If this is your first investment in real estate, take advantage of first time buyer status and get started with purchase of your primary residence. while building equity you are a investor. keep learning and looking for bargains and maintaining a+++++ credit. then you can buy with little or nothing down.
Good Luck
As a first time buyer, you can get a good rate on a multi. Go for a 3 or 4 units multi. Live in one unit and rent out the others. that should be a "safe" start...