Passive Investing for Rookie

[Jenelle Abrams]

Hi everyone,

Despite long term interest, I have only now felt ready to start investing. I live in the Bay Area in CA and the market is incredibly expensive. I work a full-time W-2 job and have good income but I'm not certain I want to start with tenants. I recently heard about investing in non-performing notes but when searching the forums I didn't see a lot of information on the topic. I'm also interested in learning more about limited partnerships vs real estate investment trusts vs syndications.  

I'd love to hear from anyone with experience in the industry to figure out the best place for me to start my real estate ventures.

I'm also looking for a mentor so if you like teaching open-minded, knowledge-hungry newbies that are looking to start investing yesterday let me know! 

Jenelle

[Shai Flax]

Hi @Jenelle Abrams, that's great that you are reaching out for help.

I think a wise thing will be to understand where you want to get and then reverse engineer that and decide how you are going to do that.

If dealing with tenants is not your cup of tea (which is understandable), it doesn't mean that you can't buy a rental property, it's just mean that you probably should hire a property manager... But, if you know that you want to invest by not dealing with people it's a different thing. 

So, start with the end in mind.

I'm sure there are books on note investing or any other investing method out there, sorry that I don't have a better recommendation for that.

Good luck!