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Updated almost 5 years ago on . Most recent reply

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Newbie: 1st Investment Property

Elvis Albarracin
Posted

Resident of the Tampa, Florida area and looking to begin investing in real estate. You gotta start somewhere, right ? Would like to invest anywhere between $10k-15k more or less. As my title states, i'm a newbie and very eager to learn the ropes. I'm still doing my research on the many avenues someone can take in real estate investing. Not sure wether to purchase a property fix it up and sell OR purchase a rental property (word has it, if i can get my hands on a 2-4 family home that would be great). I'm full of questions with some obvious questions regarding financing; FHA 203(K) or 203 (B) among others. This is something that i'd like to do MUCH sooner than later, just don't know what my first step should be. Also, is $10k-$15k a decent amount to put into a property, do i need more, can i use less... Anyone out there with tid bits of information, i would so greatly appreciate it ! I'm sure at one point someone reading this was in my shoes as well, so let me know ! Thanks ~ Elvis

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Elvis Albarracin
Replied

@Sam Issa Hey !

Thanks for your response. Yeah all this has crossed my mind in the past but never really took any action, now i'm like... "No more waiting, the time is NOW" So here i am, using my resources, networking and just doing some self directed learning. A lot of you tube videos, books, articles, etc. I'm actually an RN and work night shifts, so i have the flexibility to work my 3 shifts at night and pursue this other hustle during the day (with some sleep of course lol) Anyway, glad you're also taking initiative on pursuing this road to financial freedom. At least that's the goal i would assume. Oh and yes, Tampa and its surrounding areas are booming right now, which is why i'm taking action!

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