real estate investing houston

Im 21 and I want to invest in real estate?

I know a lot about the mortgage business so please no advice on mortgages, im looking to see if you can buy a house in Houston and rent to potential tenants. I know the rent is cheap in that area so im looking for a purchase price of about 75 90 of tail. My question is if I can go ahead and do that can I just leave the management of the property to care for her or am I missing something I'm not aware.

Not recommended in today's business climate. My brother-in-law owns many rental properties and you are losing because their tenants are losing jobs. So he still has to find money for property taxes. I still think the best way to invest in real estate is a Real Estate Investment Trust. Magazines REITs have said they are increasing lately although the individual properties are not doing so well. Mutual funds allow you to invest that $ 75,000 more safely in a REIT mutual fund. If they mess with rental properties, property management makes sense only when it has about 10 units or more. Good luck.

Houston Real Estate investor Houston Landlord and property manager, real estate educator

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