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Updated over 8 years ago on . Most recent reply

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Dennis Kingsley
  • Fulton, MO
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How do/should i get started at a young age?

Dennis Kingsley
  • Fulton, MO
Posted

So I am 19 years and I have been researching and looking into real estate investing.  Just like most everyone at this stage, I have trouble with the financing part.  Currently I'm trying to find a property to house hack, I have looked at some in my area, even made offers. I feel since me being 19 its gonna pretty hard to get started even tho, but i already am getting my team together, my grandparents who have experience in real estate investing, then my dad who a supervisor for a Remolding/Construction company.  So lets get to my question here, currently I have looked at a 4 unit home and i believe as well as my grandparents believe that it is a great deal, asking price is 79,900, it does need some remolding work obviously. For that I could have my grandparents help me with the financing, but I'm wondering if it would even be possible at all to go ahead and get my overall goal out of the way. What I mean is that recently I have came across 36 units that are for sale only 30 minutes from my hometown, now of course that is why out of a price range for someone like me. I would be able to quit my job right now tho and focus on that, it is already 90% occupied, listed at 3.3 million dollars. Now i am just wondering if their would be any chance for someone like me to get a deal done like that one? and if so how? Now lets say I had ways to get that deal done, should I?  Would it be better then just starting small then building up? 

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