At 26 years old, I would consider me to have a healthy savings of roughly $70,000-$75,000 in liquid cash, hoping to start investing in real estate and generate cash flow.
- The first step in my journey I know should be to thoroughly research and identify the best possible markets for real estate investment. Considering factors such as population growth, job opportunities, rental demand, and affordability. Looking for emerging markets with potential for long-term growth and favorable rental yields. Additionally, want to explore different property types such as residential, commercial, or multi-family units, to diversify my portfolio.
- It would also be wise to consult with experienced real estate professionals or financial advisors who can guide me through the process and help me make informed decisions. By leveraging savings and investing wisely, I know I can embark on a profitable real estate journey and lay a solid foundation for my financial future. I thought if I get some insight from some experienced investors I could maybe speed up the process of finding out what would work best for me. Any advice or insight please help.
Thank you!
