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Updated about 1 year ago on . Most recent reply
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Looking to get my feet wet in real estate.
Looking to get my feet wet in real estate investing in Atl and Charleston SC.
Can anyone recommend a real estate venture with minimum risk for a newbie, Wholesaling, Flipping, etc?
Thank you
Steven
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Hello Steve,
Most conservative option I would say is to house hack. House Hack is when you purchase a single family home or 2-4 units and live there as your primary. The great thing about this strategy is that it allows you to put low money down 3.5% -5% down. You can rent out rooms if your living in a single family home. This will help you pay down your mortgage and if need to you can rehab the place while living there. Once you have added enough value in order to get max market rent then you move out and rinse and repeat. The same concept is used if you buy 2-4 units. This is the most conservative strategy and best way to learn hands on about rehabbing, managing tenants how to add value to your properties etc.. with low money down as well.