All Forum Posts by: Shawn Chummar

I would not pay off my home as in the US, i want to be able to reduce my taxable income as much as possible. You didn't mention before or after taxes. That can be a factor. I would consider finding ways to reduce my taxable income by maxing out IRA's (mine and my spouses) and HSA. Then I would invest in real estate. My goal would be to take the money and reinvest to ensure that for every dollar i invest, i'm making a good return.

Thanks all for the encouragement. I'm listening to lots of BP podcasts and researching.  Hoping to make my first deal soon!

Hi All, 

I just joined BP as I'm starting to get interested in real estate investing. with single income family, i'm looking at ways to make passive income.  Here are my questions (forgive me if they are basic)

What is the minimum amount to start investing in real estate?

I live in Portland which is a fairly steady market with higher than average house prices. As a newbie, should I look within my market or look at markets where housing has lower entry cost?

What are some good books to help get started?

any information would be most helpful.

Thank you!