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Updated over 6 years ago,
20 y.o Starting Off...
Currently in school for a teaching degree. Working PT as an Uber Driver. Tons of free time. Parents make 200k yr and want to get into Real Estate Investing. No debt. They don't want to get their hands dirty so they outsourced the work to me, as long as I can get them a better return than an Index Fund.
--Options--
-"Kiddie Condo" where I live. Save money on Rent while I go to Grad School.
-Buy into a deal with experienced Investor here. Learn the Ropes.
-Find a Low-buy in Location somewhere remote that cashflows well, attempt to build passive income.
Our main goal is to have hands-off, passive income. Preferably 2k-3k in the next few years. Tips? Ideas? I've read a ton of Material but I'm torn as there's just so many directions to take this and we can buy anywhere in the Country.... Banks have been sending us pre-approvals for 500k+ just based on income.