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Updated over 7 years ago on . Most recent reply
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Advice on investment
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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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.