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Updated about 4 years ago on . Most recent reply

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Kelvin Yuchen
2
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4
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First Home / 25 years old / 200K Cash / WA / Advice

Kelvin Yuchen
Posted

Hi all! Looking for some advice here.

I currently am working 2 jobs with 1 FT position bring in 80k as well as a PT agent in WA. I'm currently in my moms basement but looking to move out in the next 6 months. Here are my options. 

1. Buying a property in Kirkland with 20% down while living in 1 room while renting 2/3 out to break even on the mortgage (3-3.3k) so 1k per room

2. Finding a fixer upper to live in and spend more money to renovate then sell back into the market. (I have 0 construction/ contracting experience) 

3. Investing in out of state properties (Texas / Atlanta / etc) 

What do you suspect is the best option? I am looking to make an extra 50K this year off real estate as well while maintaining my FT job. 

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