starting investing
Hi everyone, i am brand new at BP and very interested in starting investing!
I am located in central Jersey and i have been able to save about 150k on my account. I was trying some stock investment but w/o any lock. When find out about this website i get so exited and wonted to start new venture
My short term goal is to grow some more money and start buying more RE properties
Long term goal is to buy some multifamily or SFH and rent them to gain some passive income. By the way i am 39
My question is, would You start investing in my area where houses are more expensive or go outside of my state? I have some family and friends in west Florida where houses are much cheaper 30k -100k and one of them is real estate agent whose sending me a lot new mls list daily with really good deals.
Should i use all of my money to invest or rather use loans to be able to buy more properties?
I am spending a lot of time educating myself on REI but i think it is a time to take action!!!
Thank You in advance for any help
Mark