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Updated over 1 year ago on . Most recent reply
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Looking to Invest After Graduating
Hi everyone, I'm interested in investing in real estate after graduating my healthcare program in 10 months (average new grad salary in my field ~ $90,000).
Currently have a healthy credit history, saving money through gigs (~10k saved), and studying podcasts and books. Not sure if there is anything else I can do within the next 10 months to better prepare myself to invest post-graduating; I'm assuming it's way too early to reach out to an agent etc.
Interested in an FHA on a 2/3 bedroom home in Southern California (where I'm based) and renting out the rooms OR investing out-of-state.
Any advice would be greatly appreciated!
Most Popular Reply
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- Rental Property Investor / REALTOR® / Property Manager
- Gilbert, AZ
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@Jasper Chong you should talk to a lender, they can educate you on what it takes to qualify and they will help you create a plan. Buying a primary residence and renting out the rooms is most likely your best option because of the low down payment. Once you have an idea of budget you should start researching locations to buy in, you want to buy in the best area that you can afford, better areas tend to appreciate more and it's easier to find quality tenants in a good area too.