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Updated over 8 years ago on . Most recent reply

User Stats

9
Posts
4
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Paul Lucas
  • New to Real Estate
  • Michigan
4
Votes |
9
Posts

Where to get started

Paul Lucas
  • New to Real Estate
  • Michigan
Posted

Hey,

Im new to the real estate investing world but after being out of school a few years feel i need to start diversifying my investments and feel that property is the way to go. Currently i live in San Francisco and rent due to the fact that buying in the city right now seems like a TERRIBLE idea. Ive been poking around on zillow and trying to find places potentially as vacation condos/homes to rent on airbnb. But the more i look at it, the more i keep thinking i do not know what im doing and also that i do not have the capital/time.

I found this by stumbling upon the podcast and thought this community might be the best place to sit and learn and read different strategies as i save up and figure out where to go. But the first few posts i saw people trying to leverage amounts (like 5k) to start flipping and doing other crazy things and to me that sounded ABSURD! I figured you need a lot more cash saved and much more cash flow. 

For my situation i have a solid paying job (100k+) that i plan on keeping, no debt, a 760+ credit score and a small amount of savings (50k+). But at this point i feel like the condos in miami beach, LA, Hawaii or others to rent are a few years out from being affordable and also cost effective (and maybe i just want a reason to visit those areas :) ). And to sum it all up, i dont know what i dont know...So any starter tips for me to start reading and such would be awesome. Thanks!

Most Popular Reply

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1,737
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1,507
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Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
1,507
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1,737
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Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
Replied

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