Where to start on investing journey?

[Jenny Lowe]

Hi!

I’ve had the idea of rental property investing for awhile now, and I finally started listening to podcasts and audiobooks on the topic. I am making my way through one of Brandon’s books and all the podcast episodes. I’m feeling a little information overload, and I don’t know where to even start.

A little background.. 

*Never owned a home before, been a renter of condos/duplexes for 10+ years

*Currently in Las Vegas, but have some knowledge/ties to Indianapolis, Atlanta, Jacksonville, and Orlando markets. Willing to invest locally or long distance.

*Am eligible for a VA loan, have 0 debt, credit score 800+

*Currently only have $10k cash saved for investing, income doesn’t allow for big gains in this area

*Slightly anti social, very scared to take risks, and easily overwhelmed!! 

Okay hopefully that gives a good picture of what I’m working with. I’ve been drawn to multi family (duplex mostly) homes that need some rehab,  but I’m not sure if this is a good ‘starter’ path?

[Jake Davis]

All of those things are easy fixes! As a new investor I would strongly recommend staying local to you where you can physically touch the property. The bigger pockets books are super informative and offer a tremendous amount of information as well! I took a year to learn as much as I could before I took action, I think it came to a point where I was evaluating 100s of deals a week just so I could learn my market! 

If its your first home, I'd recommend looking into house hacking, its a good way to get your feet wet and provide a low risk entry into learning how to run a rental business! As far as the anti social and taking risks aspects, if you become confident in something (investing) those issues tend to go away, I can talk someones ear off and make no sense, but since I know a little bit more about investing, I've noticed people start to listen more when I talk about it.