Rookie Real Estate Rental Property Investing

[Phoenix Samolewski]

Hello everyone, my name is Phoenix and I am in my last year of college for residential construction and have $20k to my name. I just finished reading Brandon Turners book, on rental property investing and I am hungry to start searching for a property. My girlfriend and I plan on moving to Florida in roughly 2 years. My question to the forums is, realistically how much money should I have in my savings account before I start to invest? Also are your recommendations that I first shadow a pro in the game for a little bit (1-2 years) and then dive into my first deal? 

Any advice would be much appreciated, 

Phoenix. 

[Nicholas L.]

@Phoenix Samolewski

hello.  I always recommend house hacking as a good way to get started for new investors.  I don't know if you have enough time to house hack in New York.  You should definitely house hack when you get to Florida.

I don't know if you need to shadow a pro for a year - or at all.  You can start going to meetups and just talking to other investors.  Investors love to talk.  Ask all the questions you want. 

I would not rush into something just to "do a deal."  Time is on your side.  If you can house hack just two times you're probably ahead of 95% of people.  Most people don't buy a house until they're in their 30s and most people own 0 rentals.  So again, no need to rush.

Hope this helps