21 Year Old Looking to Buy First Property
Hey everyone, my name's Cade and I'm 21 years old from Louisville, Kentucky. I'm coming up on my senior year of college and after I get out, I want to buy my first property within a year of getting out. Right now, I believe that I want to find a duplex and go the house hacking route. I have a good amount saved for my down payment already and I am going to continue to save as much as I can over this next year to make my dream a reality. My goal is to use the BiggerPockets Stack method over the next decade to stack properties and be able to become financially free. I would love to hear anyone's personal advice or something that they wish they knew when they were first getting started in their real estate investing journey.
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- Real Estate Agent
- Buffalo, NY
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Buy a high quality property. Work with a good agent, they are worth the commission. Make sure you know how to screen tenants properly. Understand fair housing law, your local law, and building code. Use professional leases, have a dialed in organizational system. You don't want to be at year end trying to find receipts, looking back on bank accounts to see if you have a security on file, etc... great organizational systems rarely fail, your memory will.
- Matthew Irish-Jones
