<prompt> Human: Im a 19 year old making 50kyear with very small expenses. I currently live at home with my Mom whos charging me really cheap rent, and shes happy for me to stay with her as long as needed. Ive summarised my expenses in the following list:- 50week rent- 50month phone bill- 100 week food- 30week social activitiesFor this year, so far, Ive managed to save 24000. I have been presented with the opportunity to invest in a unit that may sell at a really low price due to repossession. Apparently theres a chance it could sell for 130k when it could easily be re-sold for 160k or potentially 170-180k. I dont know too much about investing and the risks involved in this investment, however this will be explained further to me if I wish to proceed. I want to know if this could be a profitable first investment for me or just a complete disaster in the making. Appreciate any feedback, thank you.  <response>: New to this sub. Looks like you are only looking at a 20-30 upside. Doesnt seem worth the hassle and risk. In real estate transactions, you could end up spending most of your potential upside in transaction costs itself closing cost etc.. And you would have to pay that upfront.But more than anything, i feel that real estate is one of those things that should never be done for investment unless one has a really deep understanding of the market or if you work in that field, which most of us dont. And unlike other investment options, one bad decision can set you back for life. 