21 Year Old Looking to Buy First Property

[Cade Carver]

Hey everyone, my name's Cade and I'm 21 years old from Louisville, Kentucky. I'm coming up on my senior year of college and after I get out, I want to buy my first property within a year of getting out. Right now, I believe that I want to find a duplex and go the house hacking route. I have a good amount saved for my down payment already and I am going to continue to save as much as I can over this next year to make my dream a reality. My goal is to use the BiggerPockets Stack method over the next decade to stack properties and be able to become financially free. I would love to hear anyone's personal advice or something that they wish they knew when they were first getting started in their real estate investing journey.

[Matthew Irish-Jones]

Buy a high quality property.  Work with a good agent, they are worth the commission.  Make sure you know how to screen tenants properly.  Understand fair housing law, your local law, and building code.  Use professional leases, have a dialed in organizational system.  You don't want to be at year end trying to find receipts, looking back on bank accounts to see if you have a security on file, etc... great organizational systems rarely fail, your memory will.