In a word…heck, yes! Well, that’s actually two words but, trust us, it’s never too soon to start thinking about building an income property portfolio. Doesn’t matter if you’re in college or just out of college, just putting a family together or showing up at your first real job.
If you can internalize and put into practice the real estate investing methods taught at Empowered Investor Network, there’s a good chance you can retire a millionaire at an early age.
A few weeks back we illustrated with concrete numbers how, historically, real estate has been shown to double in value about every 12 years. That’s a very good reason to get started early. That particular example assumed an investor had about $300,000 worth of equity in their house they could tap into to control a one million dollar group of diversified rental properties. Maybe you’re at an age where you haven’t had time to build up the equity in your house to that extent.
Don’t worry. Come up with a 20% down payment on a single property and you can get started. If you find a suitable foreclosure property in a good market, that 20% down might be less than $20,000. Yes, you will need to diversify your holdings and we’ll teach you how to do that when you are ready to invest in your second property, which you may be ready to do sooner than you think.
