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Updated almost 16 years ago on . Most recent reply

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Joey Dman
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Newb, $90k, Need Ideas

Joey Dman
Posted

Hey all.

Here's the deal. I live in South Dakota. I'm a recent college graduate doing freelance video work at the moment. Not very steady income. Might start supplementing with part time work. Currently living at home rent-free.

I have $90k in the bank. I want my money to start working for me. My investing experience is nil. Real estate seems appealing because of possible monthly cash flow, rather than waiting to cash in upon retirement.

I'd like to move into my own place, but rent seems like a waste. Therefore, I'm considering the owner occupant thing in a multi-unit property and managing as many others as I can finance. Another option would be a fix and flip SFH, which would solve my housing situation. I could also manage some multis or SFRs at the same time.

How would you proceed in my shoes?

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