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8
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3
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Dylan Ritch
  • New to Real Estate
  • new jersey
3
Votes |
8
Posts

How do I know what kind of investing is right for me?

Dylan Ritch
  • New to Real Estate
  • new jersey
Posted Jul 2 2024, 12:01

Hello, I am 23 and have a job with a real estate company. It is a small team and I have been here for about 8 months now. All my coworkers are much older and very wealthy through real estate, all different ways. Flipping, commercial, turnkey, multifamily, etc. I inherited a house last year with no mortgage on it and I really want to get into real estate investing, when I talk to them about it, they always say figure out which kind I want to get into first and then they'll offer me all the advice and help they can. I am just not sure what I want. I want cash flow, low to no long term maintanence (set it and forget it type), and the less risk the better. I feel like renting out multifamily is what I may be looking for with this, if done right can give me cash flow, I can hire a property manager at some point and I am friends with a lot of home improvement companies, and I could either use some money I have saved up to put a down payment or home equity loan for some % I am comfortable with and pay both off as fast as I can and repeat. Although, I don't know a lot on the other options and I may enjoy another one more or be a better option for me. How can I learn more about which option I should get into?

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