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Updated about 1 hour ago on . Most recent reply

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Evan Alexakos
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Is $13,000 enough for real estate investing? I need to take a leap

Evan Alexakos
Posted

I've spent the last few years doing light research on househacking, on flipping properties, and BRRRR, but I've never mustered the courage to enter the market. After all this time, I realize that I just can't wait anymore. I've graduated from college and want to try doing something with my first year out of it. I don't want to live a life of mediocrity. Any advice for potential ways to get started now?

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Stuart Udis
  • Attorney
  • Philadelphia
1,911
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Stuart Udis
  • Attorney
  • Philadelphia
Replied

@Evan Alexakos Don't rush into something you aren't financially prepared for. I don't believe there's a real estate investment you can make with $13,000 that will make a meaningful positive impact on your life. At the same time, rushing into something unprepared or forcing the issue in a market just for the sake of owning real estate can have long term negative impacts om your credit, financial health etc. From what you shared you are young, and you have plenty of time to own real estate. 

  • Stuart Udis
  • [email protected]
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