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Updated almost 7 years ago,
looking to create passive income with real estate
Hey everyone,
I'd like to start out by saying that I am new at this whole real estate investing thing and hope I can get some advice on some things. There is sooooooo many articles that I have read, and it gets to be really overwhelming.
1st).......Turnkey real estate. I've been all over the place on the web looking at the most popular turnkey rental investment places such as Morris invest, Memphis invest, etc.........only reason being I'm looking at this area is because I'm not sure if I'm gonna invest in my area. I live in upstate New York, just outside of Syracuse and I'm just not sure about the market here for investing in real estate. Taxes here are awful !!
2nd).......Roofstock. I've been looking into that. Any thoughts? I've read some good articles on them and also negative articles.
3rd).......Crowdfunding......Fundrise come to mind......Anyone one have thoughts on that?
Pretty much, I am looking for passive income so I can replace my current work salary........Just not sure if I want to do more of an investing thing with rental properties or maybe do crowdfunding investments.......I guess I could always do both :-)
Any help is so appreciated !!