Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
Age: 50, Credit Score: 822, Savings: $20k - Where to begin?
Hello - I’m new here. I am 50 years old, working full time, have great credit, and a total savings of $20k. I live in Portland Oregon, have done a lot of research on cost of living in other areas, and want to relocate to New Mexico.
I have never owned a home. I want to purchase in New Mexico but also want to invest. I am also tired of the employment rat race; I’m not cut out for desk jobs. The upside is that I work in healthcare, so will at least be able to maintain employment most anywhere I go.
Is it realistic to accomplish the relocation, purchasing my own home, and begin RE investing all at the same time? Thanks.