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Naval Academy student looking for investing advice
Hello BP community! My name is Kevin, I am 23 years old and currently attending the Naval Academy in Annapolis MD. I am new to BP but have recently been trying to absorb as much knowledge as possible from the website/podcasts.
I recently inherited 2 townhomes in north Denver that bring in $3000 per month after the normal expenses are paid. I am looking for any guidance on how I can smartly use the equity of those homes that are paid off and purchase a home here in Annapolis or close by. Due to my student status for the next 2 years my actual income from the Navy is very low ($300/month) but with the rentals and my personal savings (~40k) I believe I could start expanding my real estate portfolio.
If there is anybody out there willing to give some advice, whether it be “full steam ahead” or “wait until you have a solid income” I would really value the advice!