Good day everyone,
I'm interested at real estate biz and looking to start on getting small condon as rental then slowly move on. I did some research and plan to spend some time attending meetings at my local real estate investment club (Bay Area, CA). I have small amout cash $30K and hope that is sufficient. Will be working as part time since I still hold a full time 9-5 job. Any advice would be welcome and many thanks in advance.
Yes you can get started with $30k But that is not a ton of money - be very careful with it.
>Any advice would be welcome
I just wrote a post on my blog about how to get started. Check it out on the link below.
Two keys -
Know what makes a good deal
Know how to evaluate your deal
Thanks, great blog you have and very informative. I know $30K is not a lot but I think in the current economy it might be better to invest into real estate than put the money in the bank or stock market.
Depending on your market, 30k will get you started, keep it small though. For example in Indiana, you can get a cash flowing property with an 68% return and still have reserve. I agree with Ned and evaluate the deal before just jumping in with your money.
Hi, Ned Carey.
Really your suggestion is good.
I am a real estate investor and like to share that iam happy with my investment as it way going to a right way.
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