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Updated over 13 years ago,

User Stats

117
Posts
78
Votes
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!

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