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Updated over 9 years ago,
Rehabbing or rentals to start
So I just getting started in REI and was initially thinking I would start by rehabbing some home and make some money and then start getting some multi family homes after this. I have been listening to a lot of the pod cast as my commute recently has been an hour and a half both ways. This has made me start thinking that I should just start with the multi family units as I am a little worried about a down turn in the market again. I am just curious what some of your opinions are. A little background info on me is that I am in the construction industry. My wife and I both have good paying jobs and we have money in the bank and equity in our home thanks to my first investment of a live in flip. I feel confident that I can find good deals and know them when I see them for flips as I made 150k on this one. I have been looking at houses for years but could not get my wife onboard with investing until now. Any input would be appreciated.