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Updated about 9 years ago on . Most recent reply

User Stats

82
Posts
15
Votes
Tyler Sample
  • Investor
  • San Antonio, TX
15
Votes |
82
Posts

21 with a $70K salary...where to start?

Tyler Sample
  • Investor
  • San Antonio, TX
Posted

I am 21 years old and just graduated from college May 2015. I am still at my very first job making $70K annually (very fortunate) and am wanting to start investing in real estate. My one year anniversary at work will be this June and I plan on buying a house. How much should I spend and what size house should be my first?? Also, does anyone have experience with advertising on small acreage such as off highways??

Most Popular Reply

User Stats

354
Posts
186
Votes
Simon Shih
  • Investor
  • Houston, TX
186
Votes |
354
Posts
Simon Shih
  • Investor
  • Houston, TX
Replied

I would look into buying a duplex that you live on one side and rent the other side out. You can still get an FHA loan, put 3.5% as a downpayment and use the other side to rent and cover your mortgage. You get investing and landlord experience and basically can live for free. Just my opinion.

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