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When is the right time to invest in real estate? We’ve all asked ourselves this, and if you’ve been thinking about buying rentals, you probably have, too. Whether you’re 20 or 50, have a little money or a lot, that first real estate deal can seem so...scary. You’ve never done this before, and things can (and will) go wrong, so how do you know you’re ready? Have you read enough books, saved enough for emergencies, or looked at enough houses? We’ve got three investors who all started in different positions to help get you an answer.
Dave started investing right after college when he was waiting tables and had barely any money in the bank. Henry began to invest well into his working career, but with a family to take care of in the near future, he had to invest differently. On the other hand, Jonathan Greene was born into real estate, with an investor father who taught him the ropes from childhood. Each expert started from a different place, but they all agree on when it makes sense to invest.
How much money do you need to make? How much free time should you set aside? What should your bank account look like? Do you need to know how to renovate and repair? Each investor will share where they think you should be to successfully invest in real estate. Good news—you might already be there!
0:00 Intro 1:38 The “Right” Age (and Responsibility) 6:30 The "Right" Risk Capacity 9:54 Sponsor: Baselane! 10:51 The “Right” Confidence 15:37 The “Right” Lifestyle (Time Commitment) 21:11 The “Right” Financial Readiness 26:57 Is It Too Late?
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By: BiggerPockets Title: The Best Time to Start Investing in Real Estate (Age, Money, Lifestyle) Sourced From: www.youtube.com/watch?v=JVlf-HC2MlY
