There's no denying Real Estate is a great long term investment. I've read and listened to many people talk about their investment journey. What I often hear is the first house bought is one they lived in and fixed up to make a profit once they sold- 2,3,5 years down road.
They use those proceeds to purchase a second investment- ideally a multifamily property. Live in one, rent out other to cover your mortgage. Sounds good to me!
This will also give you a taste of being a landlord. Do you like being a landlord? Then maybe buying and holding properties makes sense for you. Lots of people don't like being a landlord and they choose the "buy it and flip it" route. This is a little more tricky and risky, however when done right, can make you money.
There are a ton of opinions and recommendations when starting, but the key is to start! Rewards often require risk and possible failures (aka learning experiences). But you won't know until you try!
Buy and fix up option:
http://623churchln.quickbuyme.com/
Buy, live in one and rent out the other = no mortgage payment for you!
http://3438coverd.quickbuyme.com/
If you are really ambitious- purchase commercial property with 2 income producing rentals! Tons of possibilities here:
http://621millershill.canbyours.com/
If you need help finding an investment property, I can help! Contact me today!
They use those proceeds to purchase a second investment- ideally a multifamily property. Live in one, rent out other to cover your mortgage. Sounds good to me!
This will also give you a taste of being a landlord. Do you like being a landlord? Then maybe buying and holding properties makes sense for you. Lots of people don't like being a landlord and they choose the "buy it and flip it" route. This is a little more tricky and risky, however when done right, can make you money.
There are a ton of opinions and recommendations when starting, but the key is to start! Rewards often require risk and possible failures (aka learning experiences). But you won't know until you try!
Buy and fix up option:
http://623churchln.quickbuyme.com/
Buy, live in one and rent out the other = no mortgage payment for you!
http://3438coverd.quickbuyme.com/
If you are really ambitious- purchase commercial property with 2 income producing rentals! Tons of possibilities here:
http://621millershill.canbyours.com/
If you need help finding an investment property, I can help! Contact me today!
