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Updated over 18 years ago, 07/21/2006
FULL TIME INVESTING?? - New Member
Hello! I'm new to this site and have a couple questions. I'm 23, work full time as a magazine designer and have purchsed 3 properties in the past three years in my spare time. I live in Atlanta, GA. I LOVE everything about real estate including searching, buying, rehabing, marketing, etc. and I would like to enter into it full time in the next 2-3 years. I will have between $100-$125k in liquid funds to supplement bank financing. I'm trying to learn as much as I can before I take the full time plunge and some of my questions are as follows: Starting out, (and I know some of this is based on market) is it best to invest in, single family, multi-family, or commercial? I'm not looking to rent out. Is $100-$125k enough of a cushion to invest full time if things get a little slow? Is it best to hire out most of the work, or do it yourself? When selling, should you use an agent or sell it yourself? Where is the best place to buy (courthouse forclosure auctions, banks, normal market, etc)? Any advice will be greatly appreciated... Thanks!