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Updated about 5 years ago on . Most recent reply

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Hernan Garcia
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$15,000, is it enough to invest

Hernan Garcia
Posted

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! 

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