I am just in my beginning stages of investing in real estate and am wondering how I can best use my current resources s an Electrical contractor to better position both my Electrical business as well as start to grow my real estate experience.
I have just recently constructed a shop for my electrical business that has additional space I will be renting out to a local plumbing company so I will technically be a landlord for the first time! Woohoo. I have been looking at real estate as a great way to generate additional work for my electrical company as well.
being pretty new to real estate I don’t really know the best place to start. Do I use the equity in my current house to fund a small subdivision that my electrical company can wire , approach a bank or investors to get them on board.. anything I should watch out for? Anyone have similar experience ?
Thanks again and look forward to my new endeavor.