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Updated over 5 years ago,
20 year old in Chicago with 30k to invest
Hello, my name is Raj Patel. I am 20 years old. I live in Chicago. All the properties here are very expensive. I have 30 thousand to invest. I have thought about buying a quad with 203k loan so I can wrap my rehab into the loan and still only pay 3.5%. Another thought was buying late in the year so, I would get the property tax from the previous owner. This would help eliminate some costs. I was wondering what you would recommend. I don't want to invest long distance since this would be my first investment. Thank you for all your help.