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Updated almost 5 years ago,
Thanks for not eating your young
Hi Bigger Pockets community!
My name is Crystal and I am a mid 20’s traveling nurse currently living in Los Angeles. I love my job but I’m looking long term and wanting to get into investing in real estate. Long story short I’m a newb. I’ve been reading a bunch of discussions and learning what I can but there has also been a lot of different opinions on when in your life the right time is to actually pull the trigger. I’ve paid off my student loans, don’t have credit debt, and just recently paid off my car so I am debt free. Also have a high 700’s credit score.
I would ideally like to buy a multifamily property in Oklahoma where I am from and get some cash flow from it but would be open to other state’s as well. Long story short I won’t be living in the property that I buy but will still be renting wherever I am working in the country at that point. All in all I’m just kind of lost on where/when to start..
I guess my main questions would be:
Is starting with multifamily too bold?
Should I be afraid of houses that need a little bit of work?
How much money/percentage% should I have saved up before starting this journey?
Where do I even start? (Find a house, ask for financing, property managers, etc.?)
Thanks for your support in helping us newer people navigate all of these questions that we have!
Crystal