Updated about 14 years ago on . Most recent reply
Starting young .. advice needed
Hello everyone,
I'm a 22 year old who just graduated from college and will start working in September. I'm from the UAE (dubai) and my salary will be about 8000$ a month. This might be unusual in the states but this is the average amount we get each month. I want to start saving for an investment in real estate (flipping) so i was looking for some advice from you guys. Average houses here (4 bedrooms, 3 bathrooms and a kitchen) cost about 200,000 US dollars but we don't pay taxes so that's good. I really need some guidance on how to start and how much to save each month to reach this amount, keeping in mind that living here isn't cheap unfortunately.
Thanks a lot !!