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Updated almost 6 years ago,
24yo, What to do with capital
Hi Bigger Pockets,
I'm fortunate at 24 to have no student debt and about 70k in on hand cash to buy some real estate.
What I'd like to do is purchase 1 or 2 SFR and start riding the mortgages out, but this doesn't leave me with much growth potential in the near future.
Would love to hear some feedback addressing my plan and the predicament it leads to.
For the backstory, I have purchased a duplex with my father that we are nearly finished renovating and then I will have a great income producing asset, though I have a loan to pay off there.
Hope I didn't leave this too open ended.
Thank you and excited to join the community!
Jon