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Tilted Cat Head
Administrator
Location: Manhattan, NY
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I'm going to do a different take than investing into stocks directly. Stocks are quite romantic in nature just like gambling in Las Vegas.
Invest in real estate, had I done that at your age, I'd be much further ahead than I am now.
I bought my first property in 1999 for $6,000 down on a $61,000 condo in Las Vegas. My HOA fees are about $100 (which includes property taxes), my mortgage is about $400, my managerial fees are $75 (10% of the rental price.) I rent for $750/month a furnished 1 bedroom. Each month my rental income brings nets about $100.
If I was to sell the property today, similar units have listed and sold for $145,000.
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