New to Real Estate · Westchester County, NY · Member since 2020 · 18 posts · 25 votes
Just got a 56k job in westchester county NY and I'm still living with my parents. I'm 28 and spend about 1500 a month in expenses. Can I really invest in real estate? What would be the best route? FHA loan? Short tem rental? Invest elsewhere than NY? Condo? Invest in stocks?
Rental Property Investor · Somewhere over the Rainbow · Member since 2021 · 1k+ posts · 1k+ votes
10mo
What's the $1500 a month for since you're living with your parents?
Side note - living with family is a really underrated 'get wealthy' tactic. For some reason the US pushes independence the day you turn 18. That's literally the hardest way to do things.
If I was you, personally I'd invest in the stock market for now. Then I would use RE to diversify. Take the extra time you are saving from investing in stocks over RE and look into creating/buying/owning a business - ideally a service based business.