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Updated 5 months ago,
Starting Out, help! Very unique situation.
Hello everyone,
First, THANK YOU FOR READING THIS. I will introduce my situation after but I am so grateful for this outlet. I have been educating myself on real estate and markets for the past year but I have no connections to a potential team.
I am 22 years old with a nice set up. I make about 200k a year with no debt or living expenses. (Provided by my job) and I save around 10k a month. I want to start purchasing assets to eventually have enough cash flow to comfortably make it my full time.
I have so many questions!
-where is the best place to find deals online?
-if I include a team into finding deals for me like agents and brokers will I still be able to cash flow?
-Do I first set up a holding company to own all future LLC's for each property?
-Where can I find a software to purchase or should I create my own excel to properly make sure that each deal would cash flow before I purchase?
I have only a few spare hours a week I would want to be a passive investor using property management companies. I just don’t know where to start. I would die for a mentor, please let me know I can reach out to anyone with a portfolio that has had a similar experience.