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Updated almost 7 years ago,

User Stats

54
Posts
15
Votes
Chris Hayes
  • Oklahoma City, OK
15
Votes |
54
Posts

How would you start?

Chris Hayes
  • Oklahoma City, OK
Posted

I live in Oklahoma City. I've been a member of BP for a couple years, and interested in getting into real estate the same time. I've been doing a lot of overtime at my job and working on my savings and have about 20,000 saved up. My credit score is in the 750-800 range. I've got a 230 a month car loan for the next few years and owe 9500 on it. The lease for my apartment is up in November and I hope to have 25-28K saved up by then. If you were in my position how would you start? I'm mostly interested in house hacking by getting a duplex. But I've also thought about getting a live in flip, fixing it up, and selling for a profit a couple years down the road. Would it also be possible to take out an equity loan on said house to get an investment property? Or maybe BRRRR the house. My goal is to do buy and hold investing, with maybe a couple flips per year down the road.

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