Hello everyone, I’ve always had an interest in rental property investing and would appreciate some guidance for how to begin in my current situation.

We love to see young people (20 yrs old) looking to get started in real estate.

What mistakes should I avoid at this stage?

If you are looking to purchase property in the future, a LOC is nice to have available.

Hey Paul, This question is posted in the forms at least on a weekly basis. 

Hi Ashton, if you were just turning out on this business, there's probably a lot more things to think about other than just the on boarding process.

@Johnna Kay Roark in order to defer all of the tax, you must use all of the proceeds from your sale in the purchase of your replacement property.

After some initial research, it seems a lot of the available properties in Chicago (where I live) are out of my budget, so I am leaning towards investing out-of-state with the leading contender being the Metro-Detroit area, as this is where I grew up.If anyone has any tips on getting started in real estate investing, I would love to hear them.

My CPA told me to check out this company, but they claim to have been around for decades but only have a few trust pilot reviews... all in the last few months so I am unsure.Has anyone ever heard or used them before?

@Shoham Gat I buy value add in Cleveland to force appreciation and then the properties there deliver consistent cash flow.