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Updated almost 8 years ago, 01/07/2017
As a 20 year old, should I invest in a Houston, TX suburb market?
I'm not all about timing markets and I know you can time a market perfectly. I have around 15,000 dollars to invest with a partner so we would come out with 30k. I am still in college and have the ability to invest in a house in my hometown. I know people will recommend house hacking in my college town but it's pretty difficult to invest in college station, Texas when most people are living in apartments and the big apartments brim SFH rents down. I am still open to investing in a college town but it would have to be a great deal. I will get in the market in the next 3 years but my question is: should I focus on school, save more money, and learn more before I jump in? That way I will be waiting 2 more years and there will be a potential recession where I could pick up more value in investment properties.
The Houston market is very strong and I'm confident even during a recession it won't collapse as much as other markets. Houston has already survived and thrived when oil hit 30 dollars a barrel. Anyone have any input, recommendations, or stories for me?
Thanks guys!
-Anthony