Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
$15,000, is it enough to invest
Hello Everyone,
I currently make 77,000 gross. After taxes and paying off my student loan, rent, groceries ect. I have about 30,000 a year that I can save up (just got promoted last year). I just finished paying credit card debt so I am only paying my student loan. As of today (12/31/19) I have $16,000 saved up. I live in CA and mortgages are ridiculous right now. I was looking to maybe move to a local state (i.e., AZ) and buying a MFH to begin my investment adventure. I would also consider working with an out of state investor where homes are more affordable and maybe hire a PM. My current long term goal is to have 100 multi-property doors. With this in mind, I would like your opinions on a few questions
1. Should I save up more before I start investing?
2. Would it be a good idea to stay in CA and invest out of state to get my feet wet in investing faster?
3. Should I move out of CA to get started faster?
4. Am I asking the right questions?
5. What resources should I look into?
Thank you guys in Advanced ! Happy Holidays!