Ready to start investing into rental properties
Hello, I am new to real estate and property management. I would like to start investing in multi-family rental properties. I am a total beginner. I have a decent amount to invest and great credit currently. Also have a house and land in Mississippi that was inherited, that I am looking to invest into. Any advice or options available would be wonderful. Looking to start immediately. Located in the Dallas/Fort Worth area of Texas.
Most Popular Reply
Hi Grozie, my advice (if you want to be an active investor) is to start with a residential multifamily property (2-4 units) which you can househack and use to learn the ropes. Starting with a commercial multifamily (5+ units) is not impossible but does come with more risk if you don't know what you are doing and requires of course more funds. You can also of course invest passively in a multifamily syndication if you have plenty of funds to invest but not as much time to run properties.