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Updated over 5 years ago on . Most recent reply

User Stats

43
Posts
19
Votes
James H Webb III
  • Rental Property Investor
  • Columbia, TN
19
Votes |
43
Posts

Buying Equity to get started

James H Webb III
  • Rental Property Investor
  • Columbia, TN
Posted

I have been looking to get started in real estate for about a year now. I have a sound job and I've sold everything I have debt on except my house which I am refinancing so I can open a HELOC. I'm ready to pull the trigger on SOMETHING but I'm stuck in "analysis paralysis". With the money I make I will be able to afford a large enough down payment to where I can buy a house in my area and it be cash flowing immediately as a buy and hold strategy. I know "great investors" CREATE equity as opposed to BUYING it. The thing is I'm not a great investor, as of right now I'm not an investor at all and I have to change that. I'm already pre approved for a loan and can't take being without a rental property for much longer, but my fear of a poor decision has be stuck. Thoughts?

  • James H Webb III
  • Most Popular Reply

    User Stats

    224
    Posts
    266
    Votes
    David Greene
    • Real Estate Broker
    • San Francisco Bay Area, CA
    266
    Votes |
    224
    Posts
    David Greene
    • Real Estate Broker
    • San Francisco Bay Area, CA
    Replied

    @James H Webb III

    Hey there. What do you think about starting with something small to limit your risk while learning the fundamentals and rhythm of real estate investing?

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