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Updated over 2 years ago on . Most recent reply

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5
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2
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Jennah Sontag
  • Investor
  • Missouri
2
Votes |
5
Posts

Seeking advise on first steps

Jennah Sontag
  • Investor
  • Missouri
Posted

Hi there! I'm new to investing and am trying to decide the best first step for my first investment. I'm considering multi-fam, SFH, turnkeys, or a large SFH with a high appreciation rate. How do you decide?! Is it better to build a portfolio with as many smaller investments/more doors as possible, or one larger/single door investment? I'm not in a position to do any house hacking or invest in a primary, so I'm considering alt. strategies. I wish to invest in other states, not locally (MO), across the midwest and south. Thanks for any advise you have to share!

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Account Closed
9
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16
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Replied

I talked with a friend last night about getting my first rental property, and he said something that I will say to you: "Your first property doesn't have to be a home run just get a base hit" You can have a long career hitting just singles and doubles. 

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