Looking to invest in a new area.
I’m 20 years old, I joined the navy and I want to start investing. Where should I start.
Most Popular Reply
Love the enthusiasm. Definitely start with education through books, podcasts and networking. When I was first getting started, I ran into the "you don't know what you don't know" block where I didn't even know what questions to ask because I knew so little.
Start going to local meet ups (they're all over the place) and tell people you're interested in learning more. Ask them how they got started, what they would do differently if they could go back, and ask for recommendations for property managers, contractors, agents, wholesalers, etc. As you get more into the real estate network, you'll develop a greater knowledge for it, ask better questions, and soon there won't be anything between you and your first deal.
Also, if you're looking for a super easy way to get started on your first deal. Look up househacking - where you buy a house or 2-4 unit building, live in one side and rent out the others. Helps subsidize your house payment (life's biggest expense) so you can accelerate your savings rate and grow your net worth more quickly.