Specialist · Washington, DC · Member since 2019 · 45 posts · 20 votes
Snapshot: I have one rental that was my primary residence, so there wasn’t a lot of research involved beyond me not wanting to sell a California home because they generally go up and up. But now I’m like a medical researcher analyzing every variable.
Currently I’m learning about tax lien investing. There is a potentially lower amount of capital needed which is enticing, but there is also potential to get stuck with a property with many hidden costs. Has anyone had consistent experience with this method?
Specialist · Washington, DC · Member since 2019 · 45 posts · 20 votes
6y
@John Underwood thank you for your reply. That is great insight, I’m in that stage that many beginners are in: limited cash but enough to want entry into something. In the meantime I am reading and watching YouTube videos to see how I ant to go about acquiring property #2.
I’m watching videos on deed flipping, but I’m starting to think I’m better off finding a rural purchase of a property that’s cheap. I’m handy and have flipped a couple of properties for friends, trying to asses what my best angle is, as many others are. I appreciate you sharing your perspective though, it is helpful.