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Updated over 8 years ago,

User Stats

6
Posts
1
Votes
Chris McDonald
  • Media, PA
1
Votes |
6
Posts

Making the first step

Chris McDonald
  • Media, PA
Posted
Hey BP! My name is Chris I'm 26 years old and am new to real estate investing. I have never actually "invested" in real estate as of yet. I'm not sure if it because I haven't found the right deal yet or I'm just a little too nervous to make the actual plung into investing. I have been reading book after book about real estate/ and money management and taking a few classes here and there over the past few years. I even recently went as far as becoming a licensed Real Estate Agent (I'm still a very new agent only have had my license for a few months now, no transactions yet). I also recently landed a job making a decent income ($50k/yr) which I plan to invest nearly all into real estate. I have no expenses besides my car which is an old beater that gets me from work to home. And a credit score of around 780. Over just the past 3 months I've saved over 10k for investing. Now with all this in mind does it sound like I have a decent shot to get started in real estate investing at this point in time? Or should I save more then the 10K and educate myself more?... My goal is to buy and hold 7-10 single family residential properties within the next 5 years... Any help or advice would be greatly appreciated!! :)

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