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Updated about 6 years ago on . Most recent reply

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Ashley Phillips
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Best place to find deals/how can you tell if it's a good option

Ashley Phillips
Posted

Hi everyone! 

I am 20 years old and very interested in investing. I would like to get started asap. I want to grow and learn now while I am young so I have a good foundation in the future. I have listened to a few investing/business audiobooks and several BP podcast episodes. My father is a business owner and investor. I have learned a lot from him, and even work for his real-estate investing business. 

I have very little money but try to save Whatever I can. My father is willing to work with me, if I find a deal and do all the work he will help fund it. I know this is a great opportunity and I definitely want to take advantage. House-hacking or rehab and renting seem to be the best option for me. I am on zillow and websites similar A LOT but I don't 100% know what makes a good deal. I live in Charleston, SC and home prices are not cheap to say the least. 

Just curious people's thoughts on what makes a "good deal". How do you run numbers and what exactly are you looking for? I've gotten a lot of the basics, but I like having as much information and detail as I can. I have heard FHA loans are a great place to start for someone looking for a low down payment. Does anyone have experience with this?

Any tips/advice you can provide would be greatly appreciated! Thank you in advance!

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