All Forum Posts by: Account Closed

Start local and house hack with an FHA loan. Whether it is a multi or renting out single family room by room. As being as young as you are you have the flexibility of not a lot of responsibility. You can always start out of state but most markets you'll be in a D/C- area with that price point. Unless you have a great team and you are prepared for all the hassle that comes with it. Also what do you plan to do after college? You mentioned a degree in Real Estate.

Hi Caleb, I have put some thought into house hacking and think it's a great way to start. I'm not exactly sure what I plan to do after college. I plan on getting my license in September and hope to use it to my advantage. Thank you for your advice!

0 Votes

Originally posted by @Dylan Vargas:

@Account Closed Welcome! Can you handle roommates or prefer a duplex, triplex 4 plex? This is a good option. You need a place to live, down payment is nominal (because of your savings/stocks), ease of entry into the market and local. If i were in your position I would consider this if in the greater LA area. Another option is to keep renting, start selling real estate and find a deal while in the business and having the market knowledge to make a good decision on a property. Good luck and keep us posted.

Hi Dylan, thanks for the welcome! I would probably prefer a multi-plex over a SFH with roommates mainly because of the privacy, but I understand that that privacy comes at a cost. Thank you very much for the advice!

2 Votes

Originally posted by @Nabil Suleiman:

@Account Closed

Also CSUN Alum, and agree with @Ellis San Jose. If you want to connect at a job site in LA, would be happy to chat ideas on what you can do. Also remember to calculate taxes when cashing out stocks so you know exactly how much you will have and how much you will need to pay come tax season.

Hi Nabil, I would love to connect at a job site and chat!

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Originally posted by @Ellis San Jose:

Congratulations on the beginning of your journey. I am a CSUN alumni with a degree in Real Estate. I would discourage out of state to be your first entry to the RE market. Try to work close to where you want to live. Work for/with an investor group where you can learn the ropes & get paid.

That's awesome advice, thank you very much!

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Hello, my name is Brandon Beardt and I am relatively new to the Bigger Pockets group. I am a 21-year-old college student beginning my final year at California State University, Northridge. I plan on graduating next spring with a degree in Real Estate. After reading books by David Greene, Brandon Turner, and Scott Trench, I realized that real estate can provide a tremendous amount of financial freedom to whoever is willing to put in the work for it. I am fully invested in the stock market at the moment but want to pull it out and start investing in real estate. If pulled out, I would have about $50,000-$60,000 to work with. I have an interest in buying, fixing up, and holding SFH and multiplexes for cash flow, but Los Angeles prices seem too high for me starting out. I understand that out of state investing may be harder for someone first starting out, but perhaps it's one of my better options? I guess what I am asking is, what would you do in my situation? Any advice would be great as this is my first forum post. Thank you to everyone who replies!

2 Votes

All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 5 times.

Post: Advice for CA college student starting out with $50,000?

Post: Advice for CA college student starting out with $50,000?

Post: Advice for CA college student starting out with $50,000?

Post: Advice for CA college student starting out with $50,000?

Post: Advice for CA college student starting out with $50,000?