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Updated over 7 years ago on . Most recent reply

User Stats

35
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12
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Chandler Smith
  • Lakeland, FL
12
Votes |
35
Posts

Advice on investment

Chandler Smith
  • Lakeland, FL
Posted

So a year ago I made my first post here on bigger pockets. After seeking advice here on BP one of the PRO members told me I needed to slow down and educate myself. I have listened to all of the podcasts here on BP and have saved up a nice chunk of change. $25,000 to be exact. I am extremely motivated to dip my toes in the water but I am having trouble deciding if I want to invest in multi-family properties to rent out for residual income or if I want to invest in REITS to gain some more capital. There are several multi-family properties that are fairly priced. Any input on what strategy is you think is best for a beginner or any other investment options that $25,000 could work well in.

Most Popular Reply

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1,047
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596
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Travis Sperr
  • Lender
  • Denver, CO
596
Votes |
1,047
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Travis Sperr
  • Lender
  • Denver, CO
Replied

Don't take real estate investing advice from people that don't invest in real estate.

There are plenty of millionaires on this site, myself included, that have found real estate to be a fantastic investment when done correctly.

I think you would benefit from doing some serious networking with active investors in your area and growing your sphere with like minded people.

I know nothing about your market but if I can be of assistance to help looks at deals or run numbers I'd be happy to help.

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