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Updated over 4 years ago, 09/03/2020
Advice for CA college student starting out with $50,000?
Hello, my name is Brandon Beardt and I am relatively new to the Bigger Pockets group. I am a 21-year-old college student beginning my final year at California State University, Northridge. I plan on graduating next spring with a degree in Real Estate. After reading books by David Greene, Brandon Turner, and Scott Trench, I realized that real estate can provide a tremendous amount of financial freedom to whoever is willing to put in the work for it. I am fully invested in the stock market at the moment but want to pull it out and start investing in real estate. If pulled out, I would have about $50,000-$60,000 to work with. I have an interest in buying, fixing up, and holding SFH and multiplexes for cash flow, but Los Angeles prices seem too high for me starting out. I understand that out of state investing may be harder for someone first starting out, but perhaps it's one of my better options? I guess what I am asking is, what would you do in my situation? Any advice would be great as this is my first forum post. Thank you to everyone who replies!