Real Estate Investing Newbie

[Paul Petersen]

Hello everyone!

I currently reside in the Chicago land area and I am very eager to start investing in real estate. There are a couple reasons though as to why I am hesitant: inflated seller’s market, unsure on what strategy is the best for my market, and I am only sitting on $20,000 in cash. I understand that everyone says to take action no matter where the market cycle is at, but should I consider waiting for moderately reasonable buyers market? If not, should I consider house hacking, flipping, etc?

[Aaron W.]

@Paul Petersen 

Before getting into real estate, you should ask yourself few questions including:

- What is my why in investing in real estate?
- What goals do I need to accomplish the why?
- Am I investing for cash flow or appreciation?
- What returns am I looking for?

These questions will help you get set on the path to find properties.

Best of luck!