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Updated almost 6 years ago on . Most recent reply
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Best financing options for Real Estate agent who wants to invest
Hello everyone!
I'm a real estate agent doing my research to begin investing. I'm converting from w-2 to w-9 currently. I have $15k in reserves for bills and a small nest egg of $50k to begin investing. I'm looking in markets with assets $20k-$40k I can renovate and rent.
I'm trying to determine the best way to get financing. I'm a registered P.A. in the state of Florida and prefer not to buy cash for my first deal.
Is there anyone in a similar situation who is not W-2 employed? How did you get started on your first deal?
Most Popular Reply
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Originally posted by @Cheri Castro:
@John Thedford
Thank you for the contact! You are not to far from my area. Are you investing or only real estate sales?
I am a buy and hold investor 1st, HML second, and agent last:)
Buying rentals will set you up with a lifetime of sustained income. It pays much better in the long run. I am now up to almost 3M in RE holdings and I started 7 years ago. I don't have to "work" anymore, instead collecting rents on a monthly basis and spending little time doing that:)