23 Out of College with 100k?
Hello Bigger Pockets Forum,
I am located in Los Angeles, CA and have just graduated college. I am liquid 100k cash. My best bud from childhood is in the same boat with 100k cash. Together we are looking to start our real estate empire with 200k working capital.
I really love the Brrrr strategy and maximizing cash flow. Although a flip is also appetizing for the short term profit.
The market is pretty high in Los Angeles although we are extremely connected and have access to lot of off market deals for when we have more money and are smarter.
The next market where I am most connected is Dallas, Texas and it appears the price for property is much cheaper and in our range.
What type of advice would you give a young entrepreneur in these shoes ?
And what type of real estate strategy would you start with first to initiate the empire?