New to Real Estate not sure what to do.
Hello everyone,
I am 19 years old living in North California (Chico, CA) and I'm finishing up my first year for a computer engineering major. I am currently living in a situation where I am only paying 350 per month for rent and have a part time job that pays well and have the ability to save about 800 a month. I've always wanted to do more then just a degree and have tried different little side businesses but stumbling on Real Estate and BiggerPockets, RE just made sense. I have been researching/educating myself on this topic for about 4 weeks straight and feel like I have hit a road block. I thought something such as house hacking could be a great opportunity for me but I already have low rent and opportunity to save money just not building any equity. Considering my situation, I would appreciate any advice for my next steps into my RE journey. Thank you
Most Popular Reply
@Cristobal Soto - I second the feedback here; continue to save and take advantage of the low rent to the extent that you can. Once you've saved enough to pull the trigger on the house hack then go for it.