Closed on my first investment property at 19 years old!

[Nicholas Schwarte]

At 19 years old I am thrilled to have the opportunity to buy my first investment property. Being a first time home buyer and owner occupant I was able to put 5% down on a house hack property. This home is in a great neighborhood that is right next to a elementary school, park, The Cubs spring training facility, and a huge shopping center! First one is under the belt and can't wait to expand and get as many properties as possible!

[Wale Lawal]

@Nicholas Schwarte

One of the best ways to accumulate riches and achieve financial success at a young age is through house hacking. Your investment journey can be expedited and living expenditures can be compensated by generating rental income from the purchase of a great home in a prime location close to necessary facilities. To get the most out of your investment, make the most of the rental revenue from other flats and think about renting out extra beds or units to renters. Make sensible financial decisions by allocating funds for unforeseen fees, insurance, property taxes, upkeep, and mortgage payments.

Make sure you stay up to date on real estate investment by making use of online courses, podcasts, books, and networking opportunities. Aim for expansion by establishing clear objectives for growing your holdings, like obtaining more house hack properties or branching out into other real estate categories. For insightful guidance, consult with seasoned investors, mentors, or real estate experts. Keep moving forward to expand your real estate portfolio by being aggressive and goal-oriented. As a real estate investor, you may succeed greatly if you are committed and persistent.

Good luck!