How Young People Can Get Started in Real Estate Investing
Getting started investing in real estate at a young age is a great idea for several reasons. First, you can build significant equity in about 10 years (more or less) from owning a home. If you buy your first house while you're still in your 20s, for example, you're still young enough in 10 years to carve out a career investing in real estate, starting by tapping into your equity, perhaps to buy more properties.
Also, you have time to try different investing methods to determine what works best for you. And people are generally more flexible before they start a family, which opens up more opportunities. Once people have children, it's more difficult to move to a more favorable state for homebuying or opening your home to renters.
All that said, there are obstacles young people face, mostly having to do with financing a deal. This is a particular problem for young people with student loan debt that puts their debt-to-income ratio too high for most conventional mortgages, but there are solutions for that too.
Source Fool.com
