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Updated almost 2 years ago on . Most recent reply

User Stats

4
Posts
3
Votes
Cody Cline
3
Votes |
4
Posts

Me and my wife are 27 looking to start investing in real estate

Cody Cline
Posted

Hi there, me and my wife currently own a small business and have 3 beautiful children in Redding ca. We are looking to start investing this year maybe early next with not a lot of money (20k) but we also have equity in our home. There are many investment loans and we are in need of help understanding which ones work in which situations . Iv been researching alot but I think we are in need of someone that’s been through this and does this stuff on the daily to help us understand the basics to investing smart and whether our area is a good place to even start or should we put our money elsewhere. I like that saying live where you want and invest where it makes sense I just wouldn’t know the first step to investing outside of my direct area. Sorry for the long post we have a lot of newbie questions thanks for reading. 
Cline Family 

Most Popular Reply

User Stats

14
Posts
7
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Patrick Mencel
  • Real Estate Agent
  • Doylestown, PA
7
Votes |
14
Posts
Patrick Mencel
  • Real Estate Agent
  • Doylestown, PA
Replied

Cody, I was once in your shoes. My wife and I lived in the city with our toddler... had about $25,000.00 of liquid funds saved up and had a bunch of equity. We decided to take the plunge, refinance our house and pull enough equity to cover the closing costs and down payment on our next house. Now many investments later, we still rent out the first house and have paid the equity back. A lot of what you hear about analysis paralysis is true. Work with professionals and seek advice from the experienced. I live on the other side of the country but would be more than happy to discuss with you and help in anyway I can with your journey. 

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