Beginner real estate investor

[Adam Leonti]

Thoughts on best way to start out in real estate financially.

I’m a college student with a little money saved up but I know real estate could give me a huge boost. Just not sure what route to proceed in.

Thank you in advance.

[Jake S.]

Hey Adam!

You are on the right track and it's great to see you starting early.

I think one of the best ways for you to get started would be to House Hack.

If you aren't sure what that is, picture a Duplex. You live in one side and rent out the other, making your cost of living there, basically free. Plus you would benefit from them paying down the home loan and from potential appreciation. You would be able to save up money A LOT faster as well.

It doesn't have to be a duplex either. It could be renting out the extra bedroom to a friend, etc.

If you can't yet qualify for a loan, and let's say you are renting a home/apartment from someone, and you had an extra bedroom, you could ask your landlord if it'd be OKAY to rent out the extra bedroom to someone, while you live there as well.

But if you could get someone to help you get a loan to begin with, I think living in a duplex or a home and renting out the other sides or bedrooms, would be a GREAT way to get started.

For now, dig into all the awesome resources on this side and LEARN as much as possible!