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Updated over 1 year ago, 06/25/2023
Easy way out?
Investors,
So over the past 6-8 months I have dedicated myself to trying to become a knowledgeable investor. Reading books, listening to podcasts, talking to other RE investors, etc. And of course, one of the things I learned is that you never learn it all and that a certain quote really hit home, "The best time to invest was 6 months ago, the second-best time to invest is now". So, with that being said I decided to invest my time in an area of RE investing that I seem to be attracted to and that was MF. I researched markets, found great sites to do analysis and comparisons on etc.
My issue came down to the fact that I currently have a full time W2, that I actually love and enjoy and the purpose to my RE adventure was to start securing additional income for my wife and hopefully family one day as well as supplement my income. Even though I get paid very well (not to brag) but to show that this income isn't needed to the point where we would rely on it to live. I unfortunately work long hours, sometimes 6-7 days a week and was noticing I wasn't table to dedicate the time and hours needed to really do this properly, because I don't want to half *** it.
I started to then look into companies like Rent to Retirment and Roofstock. I guess I'm ultimately on here to get some advice and opinion on if I'm taking the easy way out and not truly investing from start to finish on my own. I know everyone has their own opinions on what's best for them and what some people think of sites such as those vs doing everything yourself. The work doesn't scare me, it's the time that I feel like that I need to do that will work against me.
No better site filled with experienced and new investors like this one, so I'd love to hear what others think. Am I taking the easy way out by going through a site or should I still try to dedicate myself and do my own research, find my own properties and invest head on.
Thanks for everyone's opinions!
Marc S.
NYC