Five Ways for 20 Somethings to Buy an Investment Property
"Live and think differently than others now, so you can do more with your money later."
In this week’s episode, Kristina and Steph discuss 5 ways for 20 somethings to buy investment properties. These methods are all tried and true, and have been utilized by both ladies since their mid-20s.
They’ll discuss:
- Getting a minimum down payment program
- House-hacking (i.e. supplementing mortgage payments with home generated income)
- Partnering with someone (i.e. friend, significant other, family member)
- Learning to do things on your own (i.e. repairs, upkeep)
- Buying further from downtown for lower prices
A huge take-away is that by investing in properties, they were able to accrue wealth, and use that money to invest even further. These strategies are not just off the top of their head - they are tried and true, and they've got the properties and money to prove it! You’ll finish this episode feeling inspired to buy, and find your own ways to get creative through investing.
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Related Resources
- How To Buy a House In Your Early 20’s And Make Money In Austin, TX.
- How I Bought a 1 Acre House in Central Austin in my 20s
- Teacher Turned Real Estate Investor Via Househacking!
- House Hacking, Affordable housing strategies every Austinite should consider
- The 5 best ways for millennials to buy affordable homes in Austin
- How to Find Quality Roommates & Tenants