Starting Out in RE investing
Hi Everyone!
What an awesome platform! Wished I discovered it sooner...
I am in Houston TX. I am eager to start with RE investing ... but the more I am learning about RE investing the more I am getting overwhelmed.
Which area to start that would be rather easy to manage and less risky?
I had been a landlord for about 7 years now just with a few single family... It’s been working fine... (no crazy tenant stories)... but trying to see if I should be transitioning to multifamily 4-6plexes..
Though, I have lots equity in renal and primary home - and can qualify for HELOC (but concerned with variable rates) - I feel fearful to start..
Any suggestions/ advice please?
Would you recommend to look for a mentor? Real Estate consultant?
Or just choosing the area and take actions?
Thank you ☺️...
Most Popular Reply
You will need to be more specific when soliciting mentors or consultants. Otherwise, it will feel like you are sitting still in a taxi with the meter running. You already have valuable real estate experience and you are financially well positioned to execute transactions. Suggest you put pen to paper and work thru your goals, risk tolerances, time frames. Then determine how much time you have to dedicate to real estate. This will narrow things down considerably.