New Airbnb/investor agent
Hi everyone! so I am brand new as a real estate agent that I am doing part time and wanting to invest. I have been searching for a small property to start with in South Carolina by Myrtle beach just because I have a friend who lives in SC but I'd be open to invest anywhere. I don't have much money to put down, I wanted to start with a multi family so I'm looking to get some insight. Should I wait and save more money? Should I apply for FHA? I would just like to get this started so I could build up my portfolio and eventually have enough doors for me to quit my full time day job. Any advice is much appreciated! I love listening to you guys podcast. Thank you.
Most Popular Reply
@Kristie Gautier - buying out of state makes it a lot more difficult as well. Make sure you have someone there who you trust will guide you in the right direction. As @Chris Rosenberg mentioned - if things go wrong on a MF and you have no reserves you could find yourself in trouble. Id suggest investing that small amount you have and try to start wholesaling or growing your agent business or using an FHA for your primary residence, fix it up when you live in it and then move into the next one.