Newbie Interest from Colorado Springs, CO
I have about $200k equity tied up in my current home and just over $50k for investing now. Knowing what I know now, I would not have put such a large downpayment on a low 2.75% interest (15 year fixed) mortgage loan as it tied up good capital that could have been used elsewhere.
I'm curious if most investors here still have a day job and just invest with extra money versus being involved with real estate full time? Ideally, I would love to get involved full time - looking for inspiration there & hoping most people are doing it full time?...
I think my hurdle is that if I don't still have a traditional job, I need my deals to be something OTHER than buy and holds as that ties up capital, but I know BRRRR which can pull equity out is also very competitive.
Is getting on a wholesaler's buyer list a good way to go as this cuts out a lot of time and hard work as to finding the great deals?
Most Popular Reply
@Ryan Jones w2 to rei full time? Been there done that and don't recommend it. Doing REI full time is at least 10x harder than punching the w2 time card. I like it a lot but it is very challenging. Most people I know don't succeed at full time REI.