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Updated about 6 years ago on . Most recent reply

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Not sure where to start...

Posted

Hello, all! Little bit about myself. I own a digital marketing agency helping small business owners with web development, SEO, logo designs and sone advertising marketing. I own a home with a Wife and 2 kids.

Life is good and comfortable for now. Working hard and make decent amount of money. But I'd like to get to the point of a passive income lifestyle. Running an agency is good, but want more freedom. So this passed year I've had a growing interest in real estate investing and not sure how to go about it.

I know I'd like to own rental properties, but not sure where to start. I've inquired about HELOCs and from what I was told is that I would get anywhere from $30k to $35k.

Is that amount good to start with? Would it be best to find a partner? 

Thanks i. Advance

Donovan 

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Holly Williams
  • Rental Property Investor
  • New York City
271
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208
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Holly Williams
  • Rental Property Investor
  • New York City
Replied

I started passively investing in real estate syndications about 5 years ago.  Last year I quit my W2 job in advertising and now partner with syndicators full time.  It was a fantastic way for me to learn and invest in real estate without the hassle.  That's one option, and it allowed me to focus on my existing career until I was ready to make the move.

I don't know where you live, but you could look at buying a small multifamily that you could live in and rent the other unit(s).  

Others will chime in here I'm sure.  There are many, many different ways to get started in real estate investing.  

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