Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on .

User Stats

14
Posts
2
Votes
Danny Gallagher
  • Shoreham, NY
2
Votes |
14
Posts

First time investor who needs advice for 1st investment

Danny Gallagher
  • Shoreham, NY
Posted

Hi folks,

I am a new member to the site and 1st time investor. I am learning as I go. I am looking to start small and buy a condo or SFR to rent out and maybe use occasionally for vacation purposes (Florida). My questions are: 1) Is this a solid 1st investment? 2) Which option would net the highest return: condo or SFR? 3) I own a home, but don't want to touch the equity in it. At this point, I'm saving for the 20% down payment and looking to proceed in the next few months. Thanks for your guidance.

Danny