Reply to Is home ownership out of reach for people under 30?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am 42 now but was a grad student in Engineering at VT. Bought my first investment condo at the age of 26 and then bought my primary residence in Fairfax at the age of 28. I never used to(sometimes do now) waste money on anything useless, save and invest, rinse and repeat. Own 14 rental properties now and still live in the same house I bought in 2009. [/quote]

That’s amazing. Good for you! I’ll encourage my kids to start early with investments. We are same age and own two homes and feel we are doing well! [/quote]

Thanks! For rental real estate, you just have to be in the grind, take calculative risk and learn from your mistakes. [/quote]

Do you do long term rentals or short term rentals? Nearby or out of state? [/quote]

Mostly long term as I self managed and have a full time job in R&D. Depends on the state, I have a few THs in Blacksburg that can go $650-700 per bedroom per month, DC is more stable with voucher and then other THs in Fredericksburg and Stafford have long term tenants. [/quote]

Do you rent to VTech kids? Do you do separate leases for each room then? Or do groups of friends rent together? Are they respectful or do most of the places looked trashed quickly? I am
in a college town and that’s an interesting idea. [/quote]

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