Updated over 6 years ago on . Most recent reply
Advice for a newbie to real estate investing
Hi All,
My name is Bryan and I am new to real estate investing in the Memphis, TN area. I have long wanted to pursue real estate and my wife and I recently decided to take the plunge. I'm looking to start off part time while still working a day job. I would like to focus on single or multi-family properties on a buy and hold strategy. However, down payment is an obstacle. I've been reading up on OPM strategies for those with little or no money available for down payment. Perhaps wholesale or flipping is an option in order to save for future purchases. If any of you saavy vets out there have advice for a newbie like me, I'd greatly appreciate it. Thanks in advance.
Best Regards,
Bryan
Most Popular Reply
@Bryan Malone
Live in one side and rent out the other. You could do that for only 5% down! You only have to live there for a year then rent that side out.