Starting off with real estate!
I'm 22, I make around 45K a year and I live in NJ. I plan on saving for the next two years and moving down south to GA with my gf (because I love GA) to buy a nice 150K~ Condo and start my investing career!
I convinced my parents to pursue real estate investing full time and to sell property worth 220~250K within the next 4-5 years and to completely relocate down south. Within then I would have around 40-50K cash saved up.
My dad would do more handyman work, but of course I will do the most I can and I would deal with the tenants.
I'm looking around the Duluth, Alpharetta, Atlanta section to begin my investing career. I also looked into multi-units (duplex,triplex etc), but they all look run down or unattractive and the last thing I want to to attract the bad tenants.
I guess my questions are: Are single family homes and condos good investment options or should I stick with apartments/multi units? Is GA a good place to invest?