Real Estate investing newbie
I have been with my company for 17 years and have a 401K. I also have equity (400k) in my home of 15 years. My wife and I want to diversify our investments by getting into real estate. We just have no idea what is the best way to make it happen. The BRRRR method sounds simple! But, we know it is not easy because everyone would do it if that was so! We are not looking for a short term get-rich-quick scheme. But, we also don't want to wander aimlessly. The thought of knocking on doors and mailing 300 folks randomly is painful... Is this how it goes?? We just want to know what it will actually take
Most Popular Reply
Focus on building relationships with investor-friendly realtors and wholesalers in your target markets if you want a more hands off acquisition strategy. You'll get great deals sent to you rather than having to spend your time digging for them. You may pay a bit more for deals this way but if you factor in the cost of your time it may be worthwhile.