What is possible for me? Young and Poor
I want to get a head start in real estate but I don't exactly have a nice big income. I make almost 20k a year and have about 12k in savings. I can save pretty easy right now because I do not have many expenses.
One of my main goals right now is to move out on my own, but I do not want to throw my money away every month by renting.
The perfect scenario for me would be to purchase a low cost home or apartment and rent out one of the rooms to a friend and from there, build up plans for my future.
The two main problems for me is my low income and my lack of experience in real estate.
Is it possible for me to buy a house with this situation or should I focus less on real estate for now and put more focus on increasing my income?