Entry points

4 Replies

Goal: Become a real estate investor or own a ground lease producing income.

Start: Some college edcation but jobless with over $100,000.

According to previous podcasts guests have recommended a newbie network with real estate investors and add value to a deal. This deal will build a relationship, trust, and can lead to more deals.

So far the entry points I can think of are get a real estate license and gain credibility. Can anyone suggest other career paths related to real estate investing for a newbie to make enough money to live off of until more knowledge and experience can be gained?

Become a landlord. Purchase a multi-family property, and live in one of the units. If done right, you can live for free/have positive cash flow essentially while renting out the other properties and even a room in your space. 

Originally posted by @William Stokes :

Become a landlord. Purchase a multi-family property, and live in one of the units. If done right, you can live for free/have positive cash flow essentially while renting out the other properties and even a room in your space. 

 That's an excellent idea, thank you.

Just FYI I'm keeping my powder dry until I'm sure I have everything lined up to buy. Robert Kiyosaki recommends having stable cashflow from an income source before investing, I'm still looking for traction.

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