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Updated almost 6 years ago on . Most recent reply

Account Closed
  • Vallejo, CA
18
Votes |
13
Posts

Which route should I take to help me get started in REI?

Account Closed
  • Vallejo, CA
Posted

I am interested in REI. I've been learning bits and pieces here and there. Recently fired from my job, I would like to achieve financial freedom through REI. I have my Real Estate Lic but I am not confident in sales and I have a little experience in property management. I know I need a job to help me achieve my goal. I have 4K in the bank and a great credit line. Credit score average but repairing it to make it better. I don't know where to start but I see a market thriving that I would like to jump in sooner then 5 years later for fear of the market change. Would partnering with an investor be a good start? Should I put my license to use if I don't know if I truly want to do that, but should try anyways and fear of not making consistent income? Should I find a mentor? How do I learn more about OPM and using it to my advantage? Would condominiums/townhouses be a good start? To start off small of something I could afford a down payment on in California where I live even though there are HOA dues if I choose not partner. Should I sit out for a year and work on my debt to income ratio before making any important decisions? Eager to start and don't know what path to take. Some insight would be great thank you!

Most Popular Reply

Account Closed
  • Vallejo, CA
18
Votes |
13
Posts
Account Closed
  • Vallejo, CA
Replied

@Derek Diamond

Hi, thank you for reaching out and providing me information with your insight. I believe you are right. I didn’t answer my own question. There are many avenues to explore, but I believe I know what I have to do. Thank you again!

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