Starting Out
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago on . Most recent reply
![James Robert's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2430277/1707192178-avatar-jamesr901.jpg?twic=v1/output=image/crop=2316x2316@0x385/cover=128x128&v=2)
Plan on action? What should I do?
Hey guys - I am a 25 year old Realtor. I bought a house 9 months ago for 183k, just sold it for 255k. Closes oct 20th & its passed inspections. Thus being said - I now have money to play with. Should I buy a turnkey property with 20% down and just put it on Air bnb and rent a place for a year? Or should I owner occupy something turnkey with a 5% down, live in it for a year then air bnb? I don't want to live in a flip again it was bad for my productivity at work.
What would you do with 70k and no place to live yet?
Most Popular Reply
![Nathan Gesner's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/51525/1621411521-avatar-soldat.jpg?twic=v1/output=image/cover=128x128&v=2)
- Real Estate Broker
- Cody, WY
- 41,067
- Votes |
- 28,061
- Posts
Quote from @James Robert:
I would start by sitting down and thinking about what you are trying to achieve. Without knowing where you want to go, it's hard to ask for directions.
Are you looking to build financial independence? Do you have no idea and just like to buy/sell and see what happens? Do you want to be a multi-millionaire by the time you're 40 and retire to a beach in Florida? Maybe build a nice business that supports you while you focus on building a family?
I believe the smartest way to grow for a young, single person is to house hack as many times as possible. You can be financially independent in your early 30s and making some serious money. All it takes is a little knowledge, sacrifice, and hard work for the next 6-8 years.
- Nathan Gesner
![business profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/marketplace/business/profile_image/1432/1738609377-company-avatar.jpg?twic=v1/output=image/contain=65x65)