Originally posted by @Mark Malcein:
@Dylan Mathias
“History doesn’t repeat itself, but it often rhymes” -Mark Twain.
I don’t know enough about your situation to say jump in, but I will say that people that face the inevitable tend to succeed more than those who worry. The market will crash (statistically the Dow is down 20% or more ever 3.75 years), interest rates will rise higher, you will have personal challenges, but opportunity will always be there. I will say, crunch the numbers and if they look good...then make sure you have enough in your cash reserve to weather the inevitable storm ahead so you are still in business when the sun shines.
Good luck!
@Mark Malcein
I am in a situation where I just graduated from college with a finance degree. I worked full time throughout college so I didn't have student loans and was fortunate enough to land a job at a fortune 500 company in my second year of college so I actually came out of college with a good amount of money in the bank. I worked during the day and went to school at night.
I just turned 24 and have some money but cannot find a deal that can cash flow in my area. There was an average 2 bedroom 2 bath house that just sold in my town for 800K. People are buying over asking price or at asking price and anything that comes on the market is quickly bought up.
It seems like my only option to even find a decent deal is to go out of state and I personally do not believe that is the best idea for my first investment.
What would you said someone in my situation should do?