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Updated almost 5 years ago on . Most recent reply

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Marc Turenne
1
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6
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Which Type of Property to Begin Investing Journey

Marc Turenne
Posted

Hi all!

I am starting out on my real estate journey, and I am trying to determine which type of real estate property I should invest in to start off on the right path.  I am trying to determine if starting out with a single family home would be a better starting point since I'd only be handling one family/tenant, or if it would be okay to start with a small multifamily property.  I plan to utilize property management regardless of what type of property I purchase, but I was wondering what advice any of you may have in regards to starting off.

I look forward to hearing any and all advice you all can provide!

Marc

Most Popular Reply

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Tim Jacob
  • Real Estate Agent
  • Baltimore, MD
375
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513
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Tim Jacob
  • Real Estate Agent
  • Baltimore, MD
Replied

If you get a pm your time should not be an issue.  To get quality property management you will need a quality asset.  I would recommend single family but multi could work as well.  There will probably be much less selection in multi though.  Get an investors agent to help guide you to figure out what the best property is.  If you don't want to devote a lot of time I would recommend getting something that doesn't need a lot of work unless you want to hire a 3td party project manager.  

  • Tim Jacob
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