Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

18
Posts
25
Votes
Sebastian Lim
  • New to Real Estate
  • Westchester County, NY
25
Votes |
18
Posts

Can I really get wealthy?

Sebastian Lim
  • New to Real Estate
  • Westchester County, NY
Posted

Just got a 56k job in westchester county NY and I'm still living with my parents. I'm 28 and spend about 1500 a month in expenses. Can I really invest in real estate? What would be the best route? FHA loan? Short tem rental? Invest elsewhere than NY? Condo? Invest in stocks?

Most Popular Reply

User Stats

1,100
Posts
1,326
Votes
Jeremy Horton
  • Rental Property Investor
  • Somewhere over the Rainbow
1,326
Votes |
1,100
Posts
Jeremy Horton
  • Rental Property Investor
  • Somewhere over the Rainbow
Replied

What's the $1500 a month for since you're living with your parents? 

Side note - living with family is a really underrated 'get wealthy' tactic. For some reason the US pushes independence the day you turn 18. That's literally the hardest way to do things. 

If I was you, personally I'd invest in the stock market for now. Then I would use RE to diversify. Take the extra time you are saving from investing in stocks over RE and look into creating/buying/owning a business - ideally a service based business. 

What field is your job in?

Loading replies...

1 2