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Updated over 6 years ago,
How to start investing when you want to move
Hey BP community, I need some advice,
To begin, I'm 22 years old. I discovered my passion for real estate several months ago, and dove right in and started studying, reading books and listening to at least 50 podcasts so far. I plan on succeeding in this industry, willing to go through the ups and downs.
I'm currently in a non-ideal living condition right now, living in Woodbridge, Virginia in my mom's basement. I have a good amount of money saved up, and I want to start a new life in a new state, either North Carolina or Texas. I desperately want to move, just have to make the right opportunity happen. I feel like I know enough to start making some investing moves happen though. My first plan is to get a duplex or triplex and rent the remaining units out, then build off that with more rental properties, and probably dive into a little wholesaling later down the road.
I've heard those were good states to start investing in as well, I just want to know, should I put a lot of effort into networking and trying to look at properties in the Woodbridge/DC area, knowing I'm most likely leaving within a year? Or should I just focus on continuous studying until I make that move into the new area? What would you do if you were in my shoes?
Thank You!