Colorado Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
Real Estate Investing Advice - Wholesale OR Buy & Hold?
I need a little advice as I prepare to take the plunge into Real Estate Investing in 2017.
A little of my background I am 33 years old. I have been working in the mortgage industry for close to 8 years for one of the nations largest lenders. Father of three kids. Currently, I have become jaded with corporate America and want to step out and become my own boss. Have time to enjoy breakfast with my kids and family. Be there to pick them up from school and do homework. You know the little things in life.
I have a couple questions that have come up as I have been researching this endeavor.
1. Is it a prerequisite that I own my own primary residence before considering investing in other property?
2. In Colorado, currently is it better to wholesale(flip) property or buy & hold?
3. Would you agree it would be a good idea to pull from my 401(k) for my first deal?