Woodbridge, VA · Member since 2016 · 17 posts · 8 votes
Newbie here, trying to learn as much as I can about real estate before I decide to take the big step into acquiring a property but I have two questions.
1. I believe in setting goals, so for my real estate venture, I want to achieve a level of success where the properties I have are generating enough income to leave the "9 to 5" behind, and provide a value of at least $10,000,000. I know every property and location has different values. So far I'm looking into using a Buy, Hold, and eventually Sell strategy. With that said can anybody, "loosely" estimate how many properties I would have to sell or buy and hold in order to reach that goal?
2. Also, How do you judge different cities, and states of whether or no their real estate market is good or bad or business? Do you look at how many houses have been bought? City and job growth? Median income? ect
Irving, TX · Member since 2016 · 140 posts · 19 votes
10y
All of that does play a part however the question is where do you want to start as far as do you want to just do wholesale, fix and flip, etc. where is it that you want to start?
All of that does play a part however the question is where do you want to start as far as do you want to just do wholesale, fix and flip, etc. where is it that you want to start?
The Fix and Flip seems like a good starting point for me