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Updated about 1 year ago on . Most recent reply
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Trying to get my real estate investing started.
I'm sure this has been asked/posted a million times, but I'm struggling to figure out the best route to begin my investing/portfolio. I feel like I have a few options and none of them are necessarily wrong, just don't know which to start, and I feel if I try starting multiple different routes at once, may lead to failure.
Flipping is what I believe to be the best place for me to start, build up some capital so I can aggressively go into rentals once I do. I have a decent amount of equity in my house, as well as family members interested in flipping with me, with a very large amount of equity they would be willing to use.
I also am interested in rentals, whether single family or multi family, interested in both STR/MTR, as well as regular rentals. With my equity I could easily get the down payment for a rental, as well as I qualify for the VA loan, and would like to take advantage of that.
I guess my question is should I focus on just one strategy, or should I just do whatever the market throws my way, whether its a rental or a flip. I don't want to end up having analysis paralysis, but also don't want to start off on the wrong foot.
Any advice is greatly appreciated, trying to learn all that I can!
Thank you,
Nathan Morrison