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Updated almost 5 years ago on . Most recent reply

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Jacob Sparks
  • Oklahoma City, OK
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How did you get involved with Real Estate?

Jacob Sparks
  • Oklahoma City, OK
Posted

Hello there! I am very interested in real estate investing and the idea behind it.

My question is what inspired you to get into real estate and where did you start when you first began?

Thank you in advance for any responses! All are welcome.

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Paul Shannon
  • Rental Property Investor
  • Fishers, IN
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Paul Shannon
  • Rental Property Investor
  • Fishers, IN
Replied

I saw real estate was a great way to build wealth through sweat equity and leverage.  I started with a duplex.  When I started to understand the tax benefits along with the other advantages, I began to look at owning rentals as a business. 

House hacking is absolutely the lowest barrier to entry with less downside risk.  You'll also learn a lot of rehab/maintenance, managing tenants, etc, while the tenant pays your mortgage.  I wish I would have done it.  

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