Hey guys, I follow the forum and try to learn as much as possible. Recently…
Hey guys, I follow the forum and try to learn as much as possible.
Not long ago I invested $ 100,000 with a real estate company of my cousins Blues Angels, I continue to accumulate another fortune (I live in LA) currently standing on 50,000 $ and expecting to reach 150,000 $
I'm 25 and already want to build a secure financial future.
My question is how do you know where to invest? Some say Florida, some Cleveland, some Texas… and I really want to be closed on myself and in a few months buy an investment house! The second option is to buy a house in LA and live there for a few years.
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Personally, I am almost your age (27), investing mainly in Memphis and achieving a high return and improvement.
Do you have an option to take a loan to buy a property?
Regarding location, listen to yourself, take the positive and negative points from everyone, do in-depth homework according to your needs, budget and future plan and that way you will know by yourself where...?
My dear, first of all, all the respect for the resourcefulness.
Second, I do not know what your goal is.
First of all if you want to increase capital or generate passive income?
If you are in the direction of passive income I would really check the multi-interest that you can get a good return without much engagement.
If you want to increase capital, I would go for flips and then more importantly the entrepreneur or if you are the entrepreneur then your team.
If you want to consult I am always happy to meet people who deal in real estate
Well done for a good start from a young age. I invest in Texas and am very satisfied. In my opinion and all the economic parameters show that this is the next "California"
If you have a good review credit
I would wait until you have the 150k and then buy a multi of several units - I would not do it alone because the world of multi is a completely different animal from the world of private houses.
Well done and good luck
I would suggest that you consider again buying a house to live in and buying another house for investment
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