Updated over 5 years ago on . Most recent reply
Trying to enter the game
My name is Kyle, I live in Tucson AZ and I have been reading several books about financial success and real estate investing. I am excited by all real estate, and am looking into apartments and multi unit properties. Problem is, im 22, I don't have a whole lot in the the bank ( I just started saving) and while I have some ideas to get funded, I would love to make connections here in Tucson AZ.
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#1 Medium-Term Rentals Contributor
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Welcome, Kyle, and congratulations for getting started so early in real estate! Don't let your age deter you. There are plenty of young investors who are absolutely killing it. Have you thought about starting out with a house hack? Apartments are pretty ambitious and house hacking would give you the dual advantage of getting your feet wet and taking care of your own housing needs. As a first time home buyer you will be able to qualify for very low down payment so the barrier to entry isn't much and having others help pay your mortgage has some pretty distinct advantages, too. If you're willing to roll up your sleeves, you can start with a property that needs some work, add some value to it then BRRRR in a year or two when you're ready to move up. This is one of the fastest ways to get started. Good luck to you!