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Updated over 1 year ago,
I am 22 and Committed to purchasing first rental property
Hello, I’m new to bigger pockets and new to this form of investment.
I am a young guy with an undergraduate degree in International business making 60k a year in orange county California.
i cannot afford a lot, let alone property in my local market. I debating between getting a turn key property investment and the BRRR method. I have made some good stock trades and always been a saver. I have saved roughly 57k in liquid cash. It is currently in a high yield savings account.
I want to invest and begin this journey while working my full time job. I’m willing to stay up late and put in the extra time to make a profitable venture. I want to do this because my mom has given me everything and she has recently become mildly disabled and I cannot afford to help her pay her debts and I know she’s going to have more coming up. I need to start helping her within the next 2 years before she becomes fully disabled.
I know I am young and Nieve at 22 looking to do this. That is why I'm here as a young guy who is probably extremely cocky and over confident, what should I look out for in starting this journey and should I get a turnkey property or go with the BRRR method.
Thank you for reading through and I appreciate any advice or criticism.