Just starting in Real Estate investing

[Karo Darmandzhyan]

Hey, I’m seeking some advice on where I should start my real estate investing . I’m 19 years old and have saved about $20,000. I currently live in Glendale,Ca where that 20,000 really doesn’t do much to help start. I have read that a good start to investing in real estate is through “house hacking”, but I think it’ll take some time to save enough to do that anywhere in Los Angeles. I’m hoping someone can give me some direction as to what other options are as a beginner . Im still putting effort to keep saving to get more $ for down payment but I don’t know where to begin when I do have the money . Should I consider buying in other states ? Is that an option ? Would love to hear some advice , thank you !

[Nathan Gesner]

Are you stuck in California? It's not only expensive, it's also very difficult to be a Landlord. I'm in a small town in Wyoming but I've worked with two different investors that sold all their property in California and moved their money here where it's safer.

I assume you could move to another state and find work. I would recommend you continue saving like crazy while living in Cali with higher earnings. Meanwhile, find a city/state that's more conducive to investing with lower property prices. When you find one, start digging hard for a job. When you find one, buy a four-plex with minimum down. Live in one unit, rent the other three, and you'll be on your way.

Check out the househack book by Craig Curelop.