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Updated almost 7 years ago,
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?