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Updated over 6 years ago,
Moving every 6 months.....how should I start investing?
Hi everyone,
I'm new to the BiggerPockets community and I'm looking for some guidance getting started in REI. I'm 22, just graduated college and have been working as a manufacturing engineer for about 4 months now. I've been able to save up about $10k and I'm looking to get a game plan going forward in my real estate investing career.
The only problem is that I will be in a job rotation program for the next 2 years, meaning I'll be changing locations every 6 months. My potential locations are about 4-5 hours away from each other.
I've read a few books and I have the basic education down, but I'd like to get my feet wet with REI. Long-term, I'd like to buy and hold multi-family properties, but it seems that this route requires a lot of capital for a down payment. Short-term, I'm planning on working with single-family homes to build up some capital. I'm considering starting with flipping and/or wholesaling as well.
What do you think would be the best approach starting out, if I'm changing locations every 6 months: wait until I'm settled in one location and just save up cash for a down payment, or work a different method like flipping or wholesaling? Also, what would be the best way to start learning about a new market, seeing as I'll be moving every 6 months?