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Updated over 8 years ago,

User Stats

5
Posts
1
Votes
Vince Impellizzeri
  • Caledonia, MI
1
Votes |
5
Posts

24yrs old, 20k to invest, what would you do?

Vince Impellizzeri
  • Caledonia, MI
Posted

Hi folks! I'm just getting into this real estate investing thing, and I'm looking for advice. I live in suburban Grand Rapids, MI. I work two jobs for a total of about 50 hours a week. My wife and I are in a stable financial position, and I have about $20,000 to work with for investing. I have no current investments. I'd like to get into rentals, single or multifamily, and my goal is financial independence in about 10 years. I'd love to get advice from some of you who've been doing this for a while about what YOU would do at 24 years old with $20k for your first investment property(s). There's a ton of options out there, and while I'm not afraid of taking some risk or putting in elbow grease, I want to make sure I start out right. Thanks in advance!!

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