Updated almost 7 years ago on . Most recent reply
Advice for investing into real estate
Hey guys! I just turned 22 and I decided I don’t want to live paycheck to paycheck. I have done some homework researching Robert Kiyosaki and Grant Cardone. I want positive cash flow and know investing in rental properties is something I want to do. I was thinking I could buy single family homes to rent out until my 40% is big enough to start buying apartment complexes. Is this a realistic strategy in today’s market? Any advice you guys can give me or possibly know of any mentors I can get in touch with would be amazing. Thank you
Most Popular Reply
Hi Caleb,
That's great you have decided so early to take the initiative to invest and grow your future. Here is my suggestion on the level of importance.
1. You gotta get your money right and get a good paying job so you can have money coming in.
2. Start saving your money so you can put down for your first property. Cut your expenses. If you can live at home while you save that would be a plus.
3. Buy a 2-4 unit building and live in one of the units.
You can read up about investing and take notes here at BP, but you gotta take care of number 1 first before anything else.