Hello,
I’m new to bigger pockets and wanted to get some advice on my situation. To preface, I just turned 22 and am about to graduate from college. I want to start investing in real estate, but I don’t know where to start. I’m in Southern California, and I plan to stay out here for another 3 years for personal reasons. Then I plan on moving out to South Florida.
I have a solid background in real estate and finance but haven’t applied it to a real-world setting. I know I want to start house hacking for my first investment property, but the problem I’m having is the timing and market. I live in an expensive market in Orange County, so finding a good deal for the right price is challenging. I also don’t know whether to pull the trigger out here in California and then possibly 1031 exchange into Florida or what strategy to use when I do eventually move out to Florida.
To give you an idea of my personal financial status, I have about $2,000 in savings and a little over $20,000 spread out in stock market investments. Fortunately, I will also graduate with no debt. I’m curious as to what you experienced real estate investors would do in my situation? Any advice would be greatly appreciated!
