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Updated over 2 years ago, 07/31/2022
Overwhelmed beginner need advice or guidance
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!