Updated almost 19 years ago on . Most recent reply
socal newbie looking for opportunity
i'm looking for out of state investment opportunities and plan on buying something in july. I hope this forum helps me find the right property. So far i'm looking at austin, tx as a long-term investment but i'm open to investing in other areas.
at 21 (dec '04) i bought a house in socal with 100% financing that should have never been approved. i was struggling financially so i decided to rent my townhouse to a stripper after only 4 months. i realized the local market (riverside county) needed a major correction so i sold the house after one year (dec '05) for a healthy 20% profit. today, the house is worth the same as when i sold it and i think it's on it's way down.
anyway, i am making twice as much money today as i was then, i've learned a lot about real estate investing from books and personal experience over the years, and i think i'm ready to start my career in real estate investing!