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Updated about 2 years ago on . Most recent reply
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The time is now! next steps?
Hello everyone! First time poster here. Im a stuntman in the film and television industry living in both atlanta and los angeles. I just finished how to invest in real estate in 2 days and Im really looking to take the next steps in acquiring a property. What interested me the most was a STR, but after hearing about some of the recent hardships as well as competition at the moment, I thought maybe I should wait on that. My fiancé is from puerto rico and I thought about purchasing a place there to use as a STR as well as a place for us to be when im not working. I work in film and if im not shooting it would be nice to block out the days im off and just be there. I have about 60K cash saved, but unfortunately as far as I know because of the nature of my work being self employed, ill have to fork over 20 percent so that really limits me a bit until I have more saved. My other interest in the genres of real estate are single family home, for me to probably house hack in the atlanta area, Brrrr rental, or a potential flip. My question is, where do I go from here? I got a good broad strokes idea of things from the book, but what would you guys suggest from here? Do I just start shopping and using the calculators here to find a good deal? are there any other educational avenues I should pursue before I start looking to get a place? Im definitely a more hands on person. If I start reading too much ill get analysis paralysis. If you were me with 60k what would you do? Looking forward to being a part of the community.
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I was in a similar boat as you a few years ago. So many methods, each one cool in their own right. I was overwhelmed and didn't know where to turn.
I turned to out of state investing because I could get significantly better COC returns and cash flow for my money. I've now gotten multiple properties for the price of 1 in my market.
@Zach Lemaster and his team is regularly putting these together and have helped me get my investing journey started. Check them out and see if they can help you.