Updated almost 9 years ago on . Most recent reply
Getting in the shoes of a young investor
Now I wasn't sure where to post this topic at and I wasn't sure if it was posted already, if it was I apologize in advance because I couldn't find it! Anyways, I wanted to create a topic for the investors of BP to come and share advice that they wish they had known when they were first starting to get into real estate investing. So I'm going to lay a scenario out and I want you to imagine you're in this gentleman's shoes but you have all the knowledge that you currently have.
A young adult that is 23 Years old with a credit score of 680 has just been laid off from their previous job, but has just found out that their grandparents passed away and they are in-line to receive an inheritance of $600,000. This particular person wants to get into Real Estate Investing with a goal of being able to be financially secure as soon as possible.
Since you're imagining you're in this persons shoes, what would be the first steps you would take in achieving the goal that you have planned? For the people who may want a number, we will say that for the sake of this, financially secure for this is $6,000 a month coming in.