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Updated almost 9 years ago on . Most recent reply
Hello - Recent Graduate Interested in Candid Advice
Hello, I'm Bee. I am interested in getting candid advice from people who have done this before. I am graduating university this week, and I have a nice cushy job lined up starting in a couple weeks. I am interested in messaging pro's on here and determining how I can invest my money in real estate in the smartest, most practical way, that will earn the highest profit margins, highest ROI's, be the least-time consuming to manage, and cost me the least amount in interest, brokers fees, etc. Obviously that is what everyone wants, but I want to know from you, reader, what you would specifically recommend. I will be able up save up about 15-20k a year for the purpose of investing (see "cushy job" above), so what would you recommend I do with that? Buy a 20k house and rent it out cheap? Two 10k houses? Put a down payment on a larger property? Commercial real estate? Land in a growing area? I have about a 720 credit score right now but that will increase pretty sharply this year. Thanks in advance, I will respond to any replies quickly and appreciate your feedback.