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Updated about 8 years ago on . Most recent reply

User Stats

147
Posts
48
Votes
Jonathan Jaime Velarde
  • Rental Property Investor
  • Thousand Oaks, CA
48
Votes |
147
Posts

22 Years Old with $22,000 CASH!!! What to do!?

Jonathan Jaime Velarde
  • Rental Property Investor
  • Thousand Oaks, CA
Posted

Good Evening Friends!

I am selling my truck and will have just over $22,000 cash to invest freely. I have no debt and excellent credit. I am stationed in Washington D.C. and will be transitioning out of the military in about 9 months so I don't necessarily want to buy here and then have to move across the country and attempt to manage while in California. 

The area I will be moving to is in Ventura County where the price of real estate is pretty expensive! My college education will be covered by the Post 9/11 GI BILL and I will be living at home for free during the remainder of my college years. I estimate that by the time I leave the Marine Corps I will have about $42,000 cash and roughly $16,000 in my Roth IRA (no debt).

I am looking for some advice from people who were once in my shoes are are dealing with the same questions currently. 

Thanks!

Most Popular Reply

User Stats

43
Posts
19
Votes
Cody Bacon
  • Real Estate Agent
  • Somis, CA
19
Votes |
43
Posts
Cody Bacon
  • Real Estate Agent
  • Somis, CA
Replied

@Jonathan Jaime Velarde you might look into VA loan as opposed to FHA for up to 4 unit. Zero down as long as you qualify.

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