All Forum Posts by: Vincent Burruss

Thank you guys for your responses, they were of much help!

If I understand correctly a FHA loan on a house is a substantially smaller down payment. To get a jump start on my investments would it be smart to save even more for a longer amount of time, for a larger/nicer house (the classic American Dream house) to take advantage of the small down payment? Does this sound correct? Or am I missing something.

Yeah I'd love to talk more about it! I just wanted someone else's opinion who is more experienced than I am.

I currently work at Home Depot and get $15 an hour, which is decent pay in my situation to save money but I want a higher paying job that could also increase my knowledge of real estate so I can start investing earlier while consequences are still reasonably low (I don't have a family to provide for and live for cheap at my parents). The other night I went to a meet up, and a few guys had the idea working in some sort of trade like becoming an electrician, plumber or HVAC so when I am a landlord I can fix the problems myself, saving money also learning a decent amount about real estate, on top of their decent pay. Should I go for for it? Or should I stick with my job and side hustles? 

I am very interested in joining you at this meetup, I want to learn so much more about real estate investing so I can get started strong!

Thank you guys once again! I will definitely take you up on that offer Dan after i have read your article.

Thank you guys for responding, just reading your responses relieved a lot of stress and simplified things in my head a bit. I like the idea about getting a job related to real estate just to start learning about how everything works without the stress of being able to make a living as an agent. Im willing to make strategic sacrifices and ready to start the real estate grind!

I am 18 and still in high school living in northern California, I work a slightly above minimum wage job (~$30,000 annually before taxes) and live with my parents (so living is cheap, i.e. no utilities to pay). So far I am just learning about investing by reading books and watching videos. I am wondering how to start my journey off, do I get a better paying job so I can invest more per year, do I flip houses first then rely on monthly cash flow from rentals, or risk becoming a real estate agent by not being able to make due just to get certain advantages like MLS. My goal is to achieve around a $15,000 a month net cash flow semi passively before I turn 30. Having a hard time solving this problem with my lack of mentorship, with how much different investors contradict each other and how the average house in my small city is well above $300,000.