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Updated over 6 years ago,
22 year old looking to buy first rental property
Hello! I am new to the investing world and have a few questions about buying my first rental property. It will be the first house that I have ever bought and I don’t have plans on living in it. Looking to purchase a 2-3 family unit.
I have 21K in savings that I would like to invest. Is that enough? Is that too much to invest at once?
My goal for the rental property is to make about $600-$750 a month cash flow. Is this a practical goal?
What would you do with 21k?
Any information helps! Thanks for your time!