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Updated 3 months ago on . Most recent reply

User Stats

6
Posts
1
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Blake R.
  • Lakeway, TX
1
Votes |
6
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Thinking of Starting in Multi Family instead of Land. Need Recommendations

Blake R.
  • Lakeway, TX
Posted

I wanted to get involved in land investing and made a post about it during the summer and have continued to look at it until now.
I was questioning if I should trust a land guru in my area so I asked about it and got some feedback.
So then I have searched for land investing education programs and a name was at the top on google and I saw he had a lot of information out there.

I did research on him and watched a lot of his videos and it all sounded good but I heard him talk about how he now owns over 1000 doors in multi family, so I started thinking about it. 
Maybe land isn't the way to go? 
If one of the top land gurus is talking about making money in multi family maybe I should just go there.

Any advice? 
Is multi family a better place to go than land? 
Is land just an easy starting point but I will want to do something more after? 
If that is true, is there any reason not to start with multi family?

I have no experience in real estate investing and don't want to waste my time in something and then end up somewhere else down the road and realize I should have started there.  

Appreciate any feedback.  

Most Popular Reply

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1,059
Posts
870
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Melanie P.
#4 General Real Estate Investing Contributor
  • Rental Property Investor
870
Votes |
1,059
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Melanie P.
#4 General Real Estate Investing Contributor
  • Rental Property Investor
Replied

I intend this constructively: Stop being so lazy and get focused in on your goals.

What are you trying to accomplish? What do you have right now to get there?

Then once you have your goals articulated you can draw out a road map that will get you there in time. "Make the most money possible with the least effort/work" is NOT a goal. Stop with the guru sites, the videos, all that nonsense is pure crap designed to drive the lazy into highly risky investments or investment schemes that will surely see you make a little or lose a lot. 

Do look up REIA meetings in your area and start attending them. Introduce yourself to people who are actually doing what you want to do every day as opposed to creating videos and selling educational materials.

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