Aspiring investor who is graduating

[Ryan Jones]

Hi everyone, it's great to be here on the forum. I would like some advice on my best moves early on in my investment track. As a student coming out of school I have amassed around 40k in student loan debt. I have a potential career as a sales engineer for a few different companies I am interviewing for which should provide around 60k+/yr starting out. I also have a house for sale in Arkansas which should fetch around 150k before closing, taxes, and all that. I live in the bay area of California so investing here isn't really an option outside of owning a house for myself to live in.

What I would like to know is:

1)What is my best strategy to invest in an income property or properties after my house sells? (I was looking around the Austin area for multifamily homes that I could buy outright since I have student loan debt and not the best credit score, it's around 615 atm)

2)What should be my plan to invest in other properties once I find my first one to build passive income and pay off my student loan debt?

3)What should be my timeline to grow my passive income to where I can retire by say age 40? (I am 25 right now)

I appreciate any advice and hope to connect with more people on here to grow my net worth. Please feel free to suggest areas where I may be able to buy 2 or 3 investment properties as I will be looking around the middle of next year. Thanks for the help and happy early Thanksgiving to all those that celebrate!

[David Thompson]

Hi Ryan

You are in CA, from Ark and interested in Austin. Any particular reason Austin is your target? I think MF is a good place to start but there might be better cash flow cities to look at in TX right now. If you look outside the city and in the paths of growth, we are seeing MF opportunities emerging along the I35 corridor starting in NE San Antonio, towns like Selma, Universal City towards New Braunfels, San Marcos. Demographics fit MF well here. New power centers are popping up. This is not a new story as it seems everytime I drive the 1hr between Austin to SA....I can't tell wh r re one town status and stops any more. People are moving out of more expensive Austin and commuting further to get to jobs or jobs are moving there. Amazon bldg big distinct for instance just outside SA along this corridor to hot both cities w it's 2hr delivery model. This is a long term play that I believe you can count on.

IMO...If u can get a job down here, lower your cost of living, save $, clean up your credit, and and learn the market...it will get u a lot closer to your goal.