Hindsight

[Tim Coppola]

Does anyone have any experiences or opinions they'd like to share about how they got started and in hindsight if they would have done it a different way.

I'm new to REI and would like to hear peoples opinion on the best way to start off. I have no experience what so ever in the industry so I want to start off slow and make sure I do it right from the beginning. I'm in Chicago and have about $35k I can put in. My initial thought was to buy a multi-family home, preferably 3-plex that doesn't need renovations and owner occupy it. That way I could get used to owning a place and also being a landlord. Then buy one unit a year for the next two years. Another option I just started researching is buying something larger, no more than 10 units though, and hiring a PM (I currently have a full-time job). I'm afraid that may be to much to quick though.

Thanks in advance for your responses!

Tim