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Updated about 6 years ago, 09/20/2018
- Real Estate Entrepreneur
- Mid West, East Coast
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How, Where and What investment vehicle did you begin with?? and Y
Hey Guys, I'm Shawn, A real estate investor from NYC. I began my investing career in the buy and hold arena. The reason why I began with buy and hold was mainly for cash flow. I started 700+ miles away from NY in the Milwaukee WI market. The reason why I began there was the Mid-West had all of the metrics that I was looking for i.e.. price to rent ratio, landlord friendly laws on the books and low cost of entry.
I started as many others may have by using balance transfer credit cards. To the tune of $130K. Not a suggested strategy by any means but just how I got start up capital to begin. I have a solid portfolio of singles, duplexes and even my first 11-Unit picked up this year. I began about 5 or so years ago.
I'm interested to begin a discussion on where others began and why? Thank you for contributing to this post and let's engage/encourage one another!!!