First property location

[Michael Blitshtein]

Hi everybody, Im a newbie and never had anything to do with real estale.

I'm 23 and a software engineer and I've decided I need to do something with my income.

I save around 80% after taxes so my savings are growing up quite impressive.

I live in Israel so my first thought was to buy an apartment in Beer Sheva.

I have read the untimate begginers guide... and yet I'm not confident not sure what to do first.

The city is growing fast (I know a guy who knows a guy, who bougth a department for 75K and now it worth around 110K). The issue with these cheap departments is that they are located in very bad neighborhoods.

The other issue is that right now i can't afford more expensive apartment.. 

Any thoughts?