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Updated 5 months ago,

User Stats

9
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3
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In need of some advice for first property

Christian Licata
Posted

Hi, i'm 22 and have about 250k to start investing with. Ive been having some analysis paralysis about not knowing what would be the best option for my first ever property. Ive been trying to decide between; flipping a house that's on the market, flipping a foreclosure property, building a spec house or doing the BRRR method. I live in California and most likely won't be able to do much here because of expensive prices. I have family in Knoxville Tn, so I've been planning on investing there. It would be out of state for me but my job is very flexible and I would be able to spend some time in Knoxville if needed. Also I have a family member in Knoxville who has background in home repair and is willing to help where he can. So my question is, if you guys where in my shoes what would you do? Any advice would be appreciated. Thank you!

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