Rental Property Investor · Edmond, OK · Member since 2018 · 5 posts · 1 vote
I am new to real estate investing and I am interested in purchasing multi-family properties for passive income. Is investing in multifamily properties a good place to start for a newbie like myself?
There are a lot of ways to invest in real estate. Multi-family is one. The "best" way to get started is to learn your market and what a good deal looks like there. Then, surround yourself with others who are experienced in what you are trying to do. This will increase your thinking of what is realistic. After 10 years of hard work and dedication, you will be an overnight success.
hi I am new to this and looking to do my first deal in the Tacoma / pierce county Washington what and how are you doing this I have begin my search to find my first duplex what is next /
Glad to hear you are ready to jump in! My wife and I own 10 rental units in the Pierce County/Tacoma area. Suggested next steps are to begin building your team and getting pre-approved for a mortgage (if you are going to finance the purchase).
A good investor friendly real estate agent can generally provide referrals to helpful team members like lenders, property managers, etc.