Getting started in real estate, part 1 - your WHY
How do I start investing in real estate? - Part 1
Guys, that's a huge question.
In reality it is many questions:
Do I want to operate as a landlord myself?
How much capital do I have?
Can I trust others to do work?
Do I have it in my heart to "be mean" and kick people out?
etc
etc
The list could go on forever.
I suggest first figuring out your WHY first.
Why do you want to do real estate?
My why -
I want control over my investments.
I want to grow my investments at a faster scale.
I can utilize so much experience already in the field to follow tried and true strategies.
The path to creating my future family, spend the most times to my kids, and traveling the world is through this prong of my investments.
I want to replace terrible landlords that exist and instead be the most fair landlord I can be.
Figure that out and then it is easier to get into the deeper questions.
One of these days I'm going to create content around a guide on figuring out your why around investing in this space.
Until then, do it yourself
Hit me up if you want to chat about your why and I can give you 15 minutes or so.
What is your why? Not only in real estate or even investments - and just in general.
Hi Eric! Welcome to Bigger Pockets!!! The best way to be passive in your real estate is buying turnkey properties. They have properties in Class A or B neighborhood and have a team put together so you just have to come up with the downpayment. I have personally used that strategy and definitely recommend to investors who don't have a lot of time and want to park their money somewhere. Feel free to reach out if you want to discuss