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Updated almost 12 years ago,
Young investor starting out: What type of real estate?
Hello
I am in a great situation to get started in Real Estate investing - 24 years old, working 8 to 9 months out of the year (work a lot of hours during that time so could not devote too much time to real estate in that period), and making great money (100+). I have started to attend local real estate "Meetups" and reading on the very basics of real estate investing. I think I would be great at it and it would be fun. One thing I've learned in my life is to become great at one thing vs good at multiple things. I am trying to figure out what type of real estate investing to get into (so many different options!). My initial thought is commercial real estate (multifamily homes or office buildings) but I would like to hear what others have to say. My assumption is that it is going to take the same amount of effort to learn single family vs larger commercial, so I might as well put my efforts toward bigger deals - most potential upside financially. I have talked to a few people at the Meetup's I have attended and they seem to agree but say the biggest hurdle is financing. My questions then are:
Are multi family homes or office buildings (which between the two?) where I should focus my time and energy to have the highest potential upside?
What kind of money is typically required to get into that kind of investing?
Any thoughts or comments would be greatly appreciated.
Thanks
Zach