Where should I start with Real Estate Investment? I don't like wholesaling that much

[Jordan L.]

I know that in everything you do, you need to put effort in and wholesaling takes time and patience, however I think my first step will be to purchase a multi-unit? I was thinking a tri-plex or fourplex? I am really not into the wholesaling at all. I tried and I dont like it! I know some may say start with wholesaling first if there is no cash but I prefer to purchase my first rental property first. I will use my 401k for my first purchase. The past couple of months I just been paying down debt mostly credit card so I can be prepare for this purchase. There is fear but I will not let that stop me, what are your thoughts for my first real estate investment move? Thank You in advance

[Bill Gulley]

Welcome to REI Jordan, just for conversation we can say buy and hold can be fine. It's like telling someone how to live thier life when your introduced. Things to consider are your personality, your fa,ily, your financial condition, credit, personal and financial goals, even your health bears considerations.

But, I always suggest people start at the very beginning of RE with the basics, like understanding why location is important...how to get values and compare proerties, etc.

A tri or 4plex is usually a good choice. :)