17 year Old Newcomer In Need For Advice
Hello I’m located in Inland Empire,CA and I’m 17 and I just wanted some tips or helpful advice on starting out in real estate investing.I eventually wanna own a bunch of rental properties and I also wanted to know is it wise to buy a multi family or single family with some saved up money and use hard money and private money to renovate and rent.
Most Popular Reply
Welcome to BP! Congrats on your decision to start investing so early in life!
1) read as much as possible. books by David Lindahl, Steve Berges, Gallinelli are all great. They cover multifamily investing for the most part. As far as SFH vs MFH - it varies from one investor to another but in general, if you want to scale faster then MFH investing is your answer.
2) continue saving funds while educating yourself.
3) start going to local REI events found here via BP/Network/Events and Meetup
4) read some books on personal development to help build up the right mindset. F.e., grab some books by Tony Robbins
5) Best of luck! You're doing great by starting out so young!