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Updated 11 months ago,
20 yr old debating house hacking or buying property out of state?
What's up y'all, as a young 20 year old I have a question. I'm currently going to school, working full time, and have a business going. I've saved up a decent amount of money and i'm starting to catch interest in real estate. A lot of kids my age want to move out of their parents houses and I'm wondering if house hacking is the move and having buddy's pay rent and move in. The problem is in California it seems very difficult to find a good deal where I could eventually cashflow. I'm young and ready to take the risk If that means It will take years to cash flow I'm in for the long haul. I've also came across buying property out of state and am wondering is that a good option? What advice would you guys have on this? Is there something you wish you did as a young man in terms of real estate?