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Updated about 4 years ago,

User Stats

4
Posts
2
Votes
Justin Rector
  • New to Real Estate
  • Indianapolis, IN
2
Votes |
4
Posts

Advice on Which Direction (1st REI)

Justin Rector
  • New to Real Estate
  • Indianapolis, IN
Posted

Hey guys! Looking for some advice on starting out. This will be my first Real Estate investment. I currently live in Jacksonville, FL and will be moving back to my home state of Indiana here in 3-4 months. I will be in the Indianapolis area. I currently have $25k saved up and by the time we are back I should be around $35k. Knowing what you know now, if you were me would you.. A. Look into flipping a home to build up some more cash.. B. Keep saving money from my W2 (Approx. $2-3k a month saved).. C. Buy a Triplex/4Plex for the instant Cash Flow.. or D. BRRRR now...

So my RE goals are too be able to live off of Passive Income ($8-10k monthly) within next 5-10yrs. I am starting to lean more towards building a MFR Portfolio opposed to a bunch of SFR's. I have done enough reading and I am consistently listening to podcasts and reading the forums that it's time for me to take action and get into it! I am just looking for a little guidance from some of you who are more experienced and can lead me a bit! Thank you all very much!

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