Updated about 5 years ago on . Most recent reply
College Student Starting
Hello! I’m a college student very interested in investing in real estate. I’ve been looking into it for a few years now and have finally come up with what I think may be enough money to invest in some thing and begin my journey. I live in San Diego and there isn’t much around my area but I will be able to afford, I have been told to stay close to home in the beginning. I have about $17,000 and I have been waiting for the market to drop like it has been presumed to in the next year or so! I was thinking about starting with a single family home that I would live in and fix up, and then use the equity to buy another property to rent and then snowball from there. I was interested to know what people who have been doing this for years might think, or what kind of advice you may have! Anything helps, thank you!
Most Popular Reply
@Courtney Olinger
I'm in San Diego too. Personal opinion, don't wait for the market to drop because you can't predict the future. Especially if you plan on buying and holding. I buy condos because their cheaper lol. But I would honestly just keep looking for a house that fits your parameters price, bed/bath, rent, etc. and take the step forward. It'll be a bumpy first few years and your adjust but it's totally worth it in the end