All Forum Posts by: Augustine Maldonado
Augustine Maldonado has started 1 posts and replied 5 times.
Post: 20 Yrs Old where do I start?
- Posts 5
- Votes 4
Quote from @Scott E.:
A house hack is pretty widely accepted as the best way to get started.
This means you buy a 2-4 unit, live in 1 of the units, and rent out the rest of the units. OR you buy a single family house, live in 1 bedroom, and rent out the rest of the bedrooms.
House hacking teaches you about picking a sub-market, negotiating a deal, getting financing, working with realtors. And it allows you to "get in the game" with pretty little money out of pocket.
Post: 20 Yrs Old where do I start?
- Posts 5
- Votes 4
Quote from @Jaron Walling:
Quote from @Augustine Maldonado:
I mean at 20 yrs old I don't have a lot to sacrifice other than time and money. With my current situation, I am only home for about 2 weeks at a time then I'm back to work for about a month and a half. Trying to time manage and learn as much as I can atm. Thoughts if now is a good time to buy?
That's understandable. You still have to answer those questions. You can't fly around without market research and expect good results. It's always a good time to buy. You said it yourself... "time and money" , how much time are you willing to give up? Who can you connect with during those 2 weeks to get the information you need? It's never too early to start investing.
Counter point; if you're constantly working or planning to move within the next 2-3 years buying a property isn't wise. I'd want to be grounded and local (for the most part) if you're serious about rentals. You have be available when issues come up. When you start out you'll do 90% of the lifting or you'll pay someone else $$$ to handle it.
Post: 20 Yrs Old where do I start?
- Posts 5
- Votes 4
I mean at 20 yrs old I don't have a lot to sacrifice other than time and money. With my current situation, I am only home for about 2 weeks at a time then I'm back to work for about a month and a half. Trying to time manage and learn as much as I can atm. Thoughts if now is a good time to buy?
Post: 20 Yrs Old where do I start?
- Posts 5
- Votes 4
I plan on pursuing real estate as my full-time as an investor. Is it worth it to start wholesaling?
Post: 20 Yrs Old where do I start?
- Posts 5
- Votes 4
What's up BiggerPockets, I'm 20yrs old my name is Augustine. I currently work in the oil field. I have been looking to get into the game for about 6 months now. I want to get my rental portfolio started ASAP. Where do you guys recommend I start?