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Updated about 9 years ago on . Most recent reply
Lost with a lot of information
I have been studying about investing in real estate and i came to realize that there is so many routes one can take about starting.
I think that i am overloaded with so much information that i do not know clearly on what i want.
I know so far that i want to obtain units so i can hold them for cash flow. But ive been talking to a few people that is around me in my daily life and they are telling me its a bad idea to do so especially if i do not have a lot of money on my own.
I then realized that i could build capital by using wholeselling as a niche and then venture off with obtaining properties for my own. But the thing is that i just dont know exactly where to start.
I have another problem because i do not know on what could be a realistic obtainable goal with investing in this business.
Long story short i have a lot of questions and just need answers lol.
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Holding the right units long term is (almost) always the long-term financial winner, but you need some capitalization from somewhere to get started. Renting anything to anyone, priced properly, will almost always beat all other transactions with that item.
I would start with an assessment of what capital you have access to, as that will largely govern what your opening options are.
- JD Martin
- Podcast Guest on Show #243
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