Updated over 3 years ago on . Most recent reply
19 years old in an expensive market with limited capital
I am 19 years old and I currently live just outside of Boston. I am looking at entering the rental real estate investing world but I am not sure if I have enough money to get started here. I only have about 10k saved up and would definitely need positive cash flow within 2 years.
Am I condemned to look for out of state deals, or could I find anything an hour from here?
Most Popular Reply
@Jonah Stephens the fact of the matter is, while it's important to get into real estate early, you also have plenty of time. At 19 years old I don't even think I had $1,000 saved up let alone 10k. If I were you I would do exactly what you're doing now to connect and network with top-performing investors in your market. See if you can find someone to shadow while providing your time and value in exchange to learn how to be successful in the industry. if you're looking for a more practical approach, your best avenue is to continue to save, build your credit, and house hack your first property. Lastly, join your local REIA. Hope this helps!