TBT: Ask Marco - How Do I Start Investing With a LOW Salary?

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Business:investing, Education, Entrepreneurship, How To, Investing, Business

4.8 • 953 Ratings

🗓️ 13 February 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Max is 25, recently moved from New Jersey to Memphis, Tennessee, and is considering buying his first property but is hesitant due to market uncertainty. I suggest he focus on building a solid emergency fund, save a little more for a down payment, research the local housing market, and consider his long-term goals before making a purchase. Additionally, increasing savings and investing in retirement accounts can strengthen his financial position. Throwback Thursday Episode (The episode originally took place in the year 2020) Click Here for the Show Notes If you missed our last episode, be sure to listen to 2025 Housing Market Predictions for Real Estate Investors Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW (Thank you!) SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Transcript

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0:00.0	Welcome to passive real estate investing, the show where busy people like you learn how to build
0:05.7	substantial passive income while creating wealth for the long term. And now, here's your host, Marco
0:11.7	Santorelli. Hello, my friends. Welcome back to passive real estate investing, where we dive into
0:17.4	the world of real estate investing, among other related topics, to help you
0:20.9	with your real estate investing journey. Today, we're doing something a little different. We're going
0:26.5	to take a trip down memory lane and showcase an important episode from the past on what we call
0:31.4	our throwback Thursday episode. Now, whether you've been with us since the beginning, which goes back to
0:37.2	2015, or you're tuning in us since the beginning, which goes back to 2015,
0:38.4	or you're tuning in for the first time, this episode is a must listen. We are revisiting one of our
0:45.1	more popular episodes from the past. And believe me, what we discussed back then,
0:49.9	whether it's six months ago or six years ago, is just as relevant today. So sit back, relax,
0:56.8	and let's rewind the clock for this great episode. Enjoy.
1:01.1	Hello, my friends, and welcome to another episode of Ask Marco, where I answer your investing
1:05.8	related questions. Today's question comes from Max. He says, hi, my name is Max, and I was wondering what kind of
1:14.0	strategy you would use given my financial position. I am turning 25 and finally moved out of my
1:23.0	parents' home from New Jersey to beautiful and cheap Memphis, Tennessee. I make $35,000 per year
1:31.0	before taxes and my rent and utilities are about $900 a month. I also have about $25,000 saved up
1:38.1	in my bank account. I budget every cent that comes in and out of my pocket and save as much as I can.
1:43.8	After taxes, food, and
1:45.6	rent, I'm only able to save about $400 a month. I'm thinking about buying my first property now,
1:51.1	but am a little hesitant given where the housing market may be headed. What would you do if you
1:57.4	were me, please, and thank you, Max? Okay, I think you have two comments or questions in
	...

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