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Updated over 7 years ago on . Most recent reply

User Stats

472
Posts
145
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Cody Evans
  • Wholesaler
  • Fairfield, CA
145
Votes |
472
Posts

Capital Building/Savings Plan NEWBIE

Cody Evans
  • Wholesaler
  • Fairfield, CA
Posted

Hi BP community!

I am Cody (as already stated), 

I am 22 and looking to make a good side and eventually a career out of real estate. I will begin making 50k/year soon and my wife makes 60k/year currently with our own house and need some advice on how much money we should start saving a year minimum if we want to break into the nor cal market. Ive been looking into apartments but what ive seen is they are all multimillion dollars so I am looking to homes in cali or perhaps out of state markets as an alternative. What are your suggestions on a plan of action based on our current salaries, (just used savings for our house) and market prices? 

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