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Updated almost 2 years ago, 01/13/2023
What would you do if you were in my shoes
Hi everyone,
Quick background on me. I am senior in college graduating this coming May and have secured an insanely high paying tech job in the DC area working for a big tech company making a total compensation(base salary, bonus and stock) of 233k my first year(very cash heavy only about 4% stock). In the next 2 years I am confident enough I will get a promotion and pay bump from around 25% -40% (that's about the average range) I have zero debt from school from being being on a full ride. I have about 10k in stocks. I started early caring about my credit and have obtain a 750 credit score. I will be living at home when I start working due to growing up in commuting distance from my office. I say all this to say I think am in an insanely good financial position were I can absolutely propel myself to high net worths through real estate and want to look for advice. I know for a fact I want to get a multifamily house hack every year. Also, I am looking into the sort term rental loop hole to lower my w2 taxes as well as BRRRR if I find some great deals. I want to scale my real estate portfolio and am more concerned about my net worth than cash flow especially in the beginning. I am just curious as to how you would approach your first year and what you would want year 5, year 10 and year 20 to look like.
Thanks BP family