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Updated over 4 years ago on . Most recent reply

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Elijah Kordzaia
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Asking suggestions about starting out.

Elijah Kordzaia
Posted

I'm interested in getting into real estate, but I would like to move to a more affordable place, maybe somewhere warmer, what's your suggestions for more affordable but good real estate markets to invest in? (I live in Colorado springs)

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Frank Hinck
  • Rental Property Investor
  • Minneapolis, MN
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Frank Hinck
  • Rental Property Investor
  • Minneapolis, MN
Replied

@Elijah Kordzaia

Welcome!! Colorado has some great markets, there will always be a market within 2-3 hrs you can invest in.

Take a year, I know it seems long but trust us real estate and “deals” will still be there albeit anything you’re looking at now won’t. Take a year and 1- listen to a BP Show per day, 2-cut your living expenses as much as you can believe it or not you can find $1,500/month by reducing rent & car & cutting luxury expanses and in a year you will have $18,000 - this will suck but it’s an investment!! 3-Network! On BP forums, meetups, REIAs, coffees, find your local experienced operators/NOT paid gurus and see if you can help them find deals, drive for dollars, analyze deals, line up contractors - it’s your unpaid internship to soak up as much experience as you can handle - - best of luck!!

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