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Updated over 9 years ago,
New User: Excited to learn!
Hello,
My name is Daniel and I am 24 years old and I am a project manager for a construction company in Minnesota. I just was able to do a job that increased my income from 65k last year to about 245k this year. This is due to making a percentage from jobs that I work on.
I have looked at a few properties but I want to understand how to go about using my money wisely and start building a good portfolio. I would be living at the first property by myself and am in the position where I can take the time to work on the inside of the property and get a good price on any exterior work done. I am not too worried about the down payment, wondering if it would be better to do a multi-family home first or a buy and fix-up place to either rent out or flip later?
Any advice is welcome, very excited to learn and be a part of this great community.