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Updated almost 9 years ago on . Most recent reply

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William Workman
  • Houston, TX
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Brand new to real estate investing

William Workman
  • Houston, TX
Posted

Hello! I am looking for a source for secondary income. It has come to my attention that real estate is a great place to start. I am looking to buy a small house (max $100k) and either rent or sell after minor repairs.

Does anyone have any advice on the best way to begin this journey?

Thanks!

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Ryan Baker
  • St Petersburg, FL
22
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Ryan Baker
  • St Petersburg, FL
Replied

First of all congrats!  I'm in a very similar boat just starting out.  My approach has been to read as much as possible on real estate investing, and listened to the podcasts.  I also began saving as much as possible for my first purchase.  Once I felt comfortable with what I had read, and had saved up enough, I contacted my realtor and started viewing properties that would cash flow positive.  

A lot of people will recommend reading, connecting with your local REIA group, and start looking at properties! Best of luck!

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