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Updated over 12 years ago on . Most recent reply

User Stats

231
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43
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Chukwudi Motanya
  • Investor
  • Lithonia, GA
43
Votes |
231
Posts

Fresh out of college and $7,00 saved up. Where you start in Real Estate?

Chukwudi Motanya
  • Investor
  • Lithonia, GA
Posted

Hey I'm currently working and from relocation bonus, graduation money, internship saving etc. I have saved up $7,000 for my real estate investing goal.

I already have a make up of the path I'm going to take to enter into Real Estate, but I am curious on what path people would choose (have chosen) if you were in my shoes. How far would $7000 take you?

Will give me perspective on what I still have left to achieve.

Thanks!

Most Popular Reply

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1,922
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Dale Osborn
  • Mobile Home Investor
  • Spanaway, WA
578
Votes |
1,922
Posts
Dale Osborn
  • Mobile Home Investor
  • Spanaway, WA
Replied

Mobile homes are a way to start and to build up reserves to get into larger properties. Read the book "Deals on Wheels" by Lonnie Scruggs. Take a look at the returns and see if it is something you want to get started on. Otherwise best you can do is to continue to save until have enough for a down payment on a house.

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