How should I get into investing.

Question

I’m finishing up my senior year in high school and am very interested in real estate investing. I am joining the marines and go to basic August 11th. I get out in the beginning of November and will have $30,000 saved up by then. For my first few years I will be moving around a lot, but I really want to get into real estate investing, any suggestions?

Ellison Frick · Answer

I recommend doing plenty of research on growth trends before deciding where to buy. If you plan to move around frequently, I would suggest investing in a lower-maintenance property unless you have someone available to manage it for you. Best of luck!

Caleb Brown · Answer

I would use a VA loan wherever you go. House hack a 2-4 unit or do the room by room startegy

Nick Sansivero · Answer

Hey Emory, you're in a good spot with almost $30k saved. If you're moving around a lot then house hacking might be tough, but I'd get familiar with FHA and VA loans, study some markets, and practice running numbers on deals with deal calculators. Don't rush into a property, take some time to build your skillset of analyzing deals. Happy to connect, and best of luck

Denise Supplee · Answer

Having $30,000 saved at your age is a tremendous accomplishment. Since you'll likely be moving around during your first few years in the Marines, I recommend focusing on learning as much as possible before rushing into a deal.

One thing I wish more new investors realized is that you don't have to buy a property immediately to start investing in yourself. Spend time learning how to analyze deals, ask questions, and build relationships with experienced investors. Through the co-investing club I help run, I see people learn a tremendous amount simply by reviewing deals and hearing how other investors evaluate opportunities. You're getting started much earlier than most people, and that's a real advantage. Best of luck on your journey!

Janice Carter · Answer

@Emory Sears With your military benefits, I would strongly consider learning about the VA loan program and house hacking. Buy a small multifamily property or home near your duty station, live in it while you are there, then convert it to a rental when you move. Also, join your local REIA group, read everything you can and focus on learning deal analysis before making your first purchase. Starting at your age gives you a huge advantage.

How should I get into investing.

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