New Member from Houston looking for advice.
Hey everyone, new member here from Houston area. I've been wanting to get involved in real estate for a few years now, but never took the step. I'm a local business owner here and always have been interested in commercial real estate (shopping/strip center or individual shops) I'm in the automotive industry so my ultimate goal would be to buy and rent warehouses/auto shops. I know commercial real estate takes a lot of money, so I've heard I should start small with single family houses. I've been reading about the brrrr method and it really interests me and would give me the opportunity to buy multiple houses (one at a time of course) and be able to cash out and use the same money to buy the next property. I have money saved up and also have a line of credit I could use for the initial purchase and rehab. I have many questions, and any kind of help would be appreciated. Is the brrrr method a good way for beginners to start? Where do I find these kind of houses? Should I consider foreclosures? Should I manage the property myself or get a management company? I'll add more questions later. Any kind of feedback or advice would help. Thanks in advance.