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Updated 12 months ago on . Most recent reply
New Member to BiggerPockets
Hi everyone,
I am new to real estate. I am just getting started on my goals, plan, and research to best prepare.
Any advice would be welcomed!
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#3 Tax, SDIRAs & Cost Segregation Contributor
- CPA | Accepting new clients | 50 States
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#3 Tax, SDIRAs & Cost Segregation Contributor
- CPA | Accepting new clients | 50 States
Quote from @G. Brian Davis:
Welcome @Trent Brodbeck!
Personally, I wish I'd started with passive real estate investing rather than buying properties directly. It takes far less time, labor, and skill.
Read up on real estate syndications, and don't get scared off by the high minimum investments ($50-100K). You can split that with other investors, whether friends/family or as a member of a real estate investment club. I invest $5K at a time through a club.
You get all the benefits of owning real estate (cash flow, appreciation, tax benefits) with none of the headaches of buying, renovating, or managing properties. You can earn strong returns too - I aim for 15-30% returns on passive real estate investments.
Just because everyone has heard of rental investing and flipping houses doesn't make them the best way to invest. Something to consider!
@G. Brian Davis might be on to something here.