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Updated over 10 years ago on . Most recent reply
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Newbie from Seattle, WA
Hello all,
I am an attorney in Seattle, mostly doing transactional work in tax and business. I have been contemplating real estate investing for some time now, and finally think I am ready to pull the trigger. I am mostly interested in buy and hold single family homes, but that's not say I am set on that. Any advice or recommendations would be greatly appreciated.
Best,
Brad Heitzinger
Most Popular Reply
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Speaking from my own experience, I would physically write out what you want to do in Real Estate specifically. If you want to purchase buy and holds, then firm that up so you can put a plan in place. In my own life, we are just really starting to get traction now because of lack of focus (we did have twins right in the middle of getting going though too!). If you write out what you want FROM the investments, that will also help you decide which would be the best route to take. If you want passivity, then buy and holds would probably be the best bet, if you want to be active and "getting in it" then maybe flips would be a better fit. When you clarify what you want from the investments, I have found it clarifies HOW I should go about getting the end goal, and then you can create a plan and then work it! Hope this helps, have a good one!