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Updated over 2 years ago on . Most recent reply

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8
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Guillermo Rozenblat
  • Miami, FL
5
Votes |
8
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Overwhelmed beginner need advice or guidance

Guillermo Rozenblat
  • Miami, FL
Posted

Hey all,

Looking to really get started with rental properties, but overwhelmed with the different paths I could take. Duplexes, triplexes, commercial... My only experience with real estate has been an apartment I own in Miami (bought it in 2020), which is cash flowing $500 at the moment.

I am currently sitting on roughly 250k that I would like to put to work. I hear more experienced business people agreeing that the next several of months will be good time to be liquid and I'm fighting with myself about whether I should wait (for something to happen?) or pull the trigger on some properties (and if so, which?).

Any advice or help is highly appreciated. 

Thank you!

Most Popular Reply

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2,616
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897
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Dave Skow
  • Lender
  • Seattle, WA
897
Votes |
2,616
Posts
Dave Skow
  • Lender
  • Seattle, WA
Replied

@Guillermo Rozenblat- thats great - you have  half the battle won ....I  recommend  trying to  scale down the  possibilities and  focus on  several  specific plans  in  specific locations and  seeing what  you can  find  .....if  you are   trying to  look at  everything  / everywhere  you will likely  freeze ...  eg..   maybe  focus  on  2- 3 plexs in FLA  or    wherever you live  and  see  what happens  ....

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