Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply

Where to start investing to replace a 9-5 job
I am a college student graduating in December 2017. I have a very short question that I am hoping will get many responses.
My question is what would be the best choice as a first property to get and where to buy it?
I am hoping to get enough doors to be able to pocket about $6,000 a month, which seems reasonable. I want to create a passive income so that I can "retire" early but still have an income equivalent to a full time job.
With that in mind what would be the best property type to start investing in.
- A single family house, and possibly get a roommate?
- A multi-family, and live in one of the units? How many units?
- A foreclosure, fix it up and then rent/or possibly sell depending on the ARV?
Now a follow up of where to buy. After graduation I do not know where I will get my first full time job so where should I invest?
- Wait until I know where I will be working and invest in that area?
- Find someplace close to where I would like to live?
- Should I invest in the nearest city or is it just as safe to invest in smaller areas?