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Updated about 2 years ago on . Most recent reply

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Starting As a New Grad

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Posted

Hi everyone! I'm generally new to the community and was really interested in ways I could get a head start on real-estate investing right after I graduate this May. I have a job lined up in Buffalo, NY where I plan on relocating to. I'm starting off with a 72K salary which in Buffalo, is considered to be high because of the city's significantly lower cost of living. Throughout college, I have been able to work on several side hustles that have allowed me to save about 15K so far. I am graduating with no student debt, but have a monthly car payment of $300 total. 

I was wondering whether I should rent/buy in the area. I could find a 1-bedroom apartment for around $600-$800, and 2-bedroom homes go for as low as 150K-ish depending on how much work there needs to be done. I was wondering what the best way to go about this is. I want to take advantage of living in an area with such low housing rates, but fear the risk that comes along with buying so early off. I know I have a lot to learn but I'd love to hear some general thoughts/ideas. Thanks!

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