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Updated over 2 years ago,
Wanting to start real estate investing but not sure of the timing
Hello! Very first post here in the forums. Been listening to a lot of the podcasts. I know for sure that I want to get started investing in real estate for cash flow, but, having never done this before it's super hard for me to know if the timing is right with the market.
I have been leaning towards small multi-family properties (duplex, triplex, quad, etc.). I have a job that does take a good amount of my time so I was pushing away from going STRs, as I would rather have something going that is more passive even if the cash flow isn't quite as good... I know I can just go with more properties to increase cash flow. However, at this point I feel like I'm just too green to know what to do or how to push off into that vast unknown and get the momentum going... if it's even the right time to do it??
I have been told by a friend to look into the Memphis, TN market, and I also have a friend who invests in small multi family properties in the Murray, KY area being as it is a college town.
I feel like analysis paralysis takes over and I haven't really even begun!