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Updated over 13 years ago on . Most recent reply

User Stats

117
Posts
78
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Jeff Arndt
  • Investor
  • Pittsburgh, PA
78
Votes |
117
Posts

Moving out from parents.

Jeff Arndt
  • Investor
  • Pittsburgh, PA
Posted

I will be graduating from college this December and I will be able to save 1,100 a month living with my parents after graduation. At that rate plus current savings, I should have about 15,000 to invest with in about a year and a half from today.

My question is what strategy would you employ to move out and still have the ability to invest in property? My long term goal is to be a landlord and manage properties but I was thinking about flipping a few houses while living at home/in the houses while I fix them. Once I get some quick cash from flipping I could then hopefully buy my resident plus a rental property.

I would continue to live at home for a few years but I need to get out because I live in the boonies and there is a non-existent rental market. Not only that, it's about a 50 minute drive into the city where I work(Pittsburgh, where I plan to invest as well).

Thanks in advance!

Most Popular Reply

User Stats

1,493
Posts
268
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George P.
  • Real Estate Investor
  • Baltimore, MD
268
Votes |
1,493
Posts
George P.
  • Real Estate Investor
  • Baltimore, MD
Replied

Did you check with the parents whether they want you there?...... Sometimes we concentrate on what's important to us and forget to check if it's aligned with other people's goals....

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