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Updated over 4 years ago on . Most recent reply

Account Closed
  • Developer
  • Seattle, WA
5
Votes |
19
Posts

New to real estate where do I start?

Account Closed
  • Developer
  • Seattle, WA
Posted

I just turned 21. Currently finishing my first real estate development project in Seattle. Any suggestions/ideas on how to reinvest the profits? Should be between 100-150k. I’m looking at doing a flip or picking up a few rentals.

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Blaine Alger
  • Investor
  • Waco TX / Conroe, TX
228
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376
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Blaine Alger
  • Investor
  • Waco TX / Conroe, TX
Replied

Well shoot, sounds like you got it all figured out of you are exiting out on developments 100k+ at 21.

If you want to retire by 27, sounds like you are after cashflow. I would  go throw that cash into some rentals in the midwest and just rake it in. You'll be in Tahiti sipping mai tais in no time. 

Maybe there are some tertiary markets in WA that might be able to do the same thing. I just know that Seattle or LA would not be your best bet. 

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