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Updated almost 11 years ago on . Most recent reply

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3
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1
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Avni Choksi
  • Jamison, PA
1
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3
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Recent College Grad

Avni Choksi
  • Jamison, PA
Posted

Hello

I graduated college in june 2013 landed a job in a rotational program ( i move every 8 months to a different location for 2 years to understand various aspects of the business)

I currently have no debt except for minor credit card bills nor do I have a dependent and have a decent credit score

I was wondering if someone could provide some guidance on how to properly invest my savings...i was trying to look into real estate except i am unsure because I currently move every 8 months until july 2015.

Thanks

Avni

Most Popular Reply

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488
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121
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Danny Day
  • Rental Property Investor
  • Houston, TX
121
Votes |
488
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Danny Day
  • Rental Property Investor
  • Houston, TX
Replied

How much time to do you have to invest in real estate?

Time is money after all - the more time you can put into the investment, usually the greater reward you should have.

Since you move every 8 months, maybe something passive would work best. If you've got $20k in savings, I would work on building that up while building (what I think) is the most important skill in RE investing -- sourcing your own deals.

Lots of info on BP on sourcing your own deals. Search through and figure out how to do this.. if you are not able to find what works for you, wholesale it to another investor and keep building that savings account.

When the right deal falls in your lap, jump on it and start cash flowing.

More 'hands on' and time consuming approach - rehab / selling homes.

Either way - you're in the right place to learn!

D

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