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Updated 2 months ago on . Most recent reply

User Stats

9
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11
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Diego Benavides
11
Votes |
9
Posts

Starting out suggestions

Diego Benavides
Posted

Hi guys i am new to real estate investing and i am looking to buy my first properties in the near future. However, with so much information out there and so many different strategies it can get very overwhelming. I want to make the best decision possible and set my self up for the future. 

With my current situation i can currently buy around 3 properties. 

The options are:

Buy 3 turnkey properties and rent them out.

Buy 2 turnkey properties and 1 BRRR or vice versa

Buy all BRRRs properties

or have a mix of it all and have 1 BRRRR 1 Turnkey and 1 Airbnb

My goals in real estate is to leverage what i have right now so i can buy more properties in the future and scale. 

Any suggestions or strategies? im happy to hear

Most Popular Reply

User Stats

2,210
Posts
3,446
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Chris Clothier
#4 Ask About A Real Estate Company Contributor
  • Rental Property Investor
  • memphis, TN
3,446
Votes |
2,210
Posts
Chris Clothier
#4 Ask About A Real Estate Company Contributor
  • Rental Property Investor
  • memphis, TN
Replied

@Diego Benavides

The first tip is not to share any personal info. or dollar amounts you have to invest here in the forum.  From what you have already shared, you may have a significant opportunity, but you definitely need guidance and education.  I don't say that in a rude way.  It is phenomenal that you are in the position to invest.  But, from what little you've shared, you are not ready to pull the trigger.

Are you in a major city?  If so, research local real estate investors' associations.  Create a thread here on BP looking to connect in person if possible with other investors near you.  Find investors who have already made significant investments  with multiple properties and ask if you can speak with them.  Offer coffee, a beer, dinner - whatever is of value, but offer to pay to spend some time speaking with and learning from those investors.

You laid out big ambitions in your post and that is excellent.  My advice is to slow down first.  You should have crystal clarity on how to spend your money and it sounds like you have the ability o make a significant investment.  You can do very well or you can have a list of regrets.  My advice is to not let a lack of education and understanding be one of those regrets.

Best of luck to you, Diego!

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