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Updated about 8 years ago on . Most recent reply

User Stats

18
Posts
9
Votes
Eric Moreno
  • JBPHH, HI
9
Votes |
18
Posts

What would you do and how would you do it?

Eric Moreno
  • JBPHH, HI
Posted

Current situation: 23 years old. Military, 4 more years of secure income. Gross income est. 30k a year. Net income est. 21k a year. No liabilities (no car payment, living in dorms, etc.), No assets. Credit score mid 700s and currently holding 30k in savings. Living in an area where high capital is needed to invest (Hawaii).

Interested in REI since this is where most of my readings and education has been in for the past year and willing to take some risk and start up soon but given my current situation, I am no where near a market a newbie should start up in. So my question to you investors with experience is, if you were in my shoes, what moves would you make? Anything you recommend I should do so I can get my foot through the door? Things to look out for in 2017?

Any info is highly appreciated! Thank you BP community. 

Most Popular Reply

User Stats

308
Posts
386
Votes
Derrick Dill
  • Investor
  • Hawaiian Gardens, CA
386
Votes |
308
Posts
Derrick Dill
  • Investor
  • Hawaiian Gardens, CA
Replied

Depends what your goals are. If you want a primary residence there in Hawaii or invest out of state. If I were you, I'd take advantage of VA loan and either buy a primary residence (if that's what you're looking for) or invest in some rental properties in the main land.

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