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Updated about 6 years ago on . Most recent reply

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Mathew Ajiboye
  • Providence RI
1
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New to Real Estate in Providence RI area

Mathew Ajiboye
  • Providence RI
Posted

Hello everyone, My name is Matt and am new to Real Estate in Providence RI area. 

I will like suggestion on the way forward in real estate. Thanks

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Anthony Thompson
  • Buy and Hold Investor
  • Cranston, RI
1,401
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Anthony Thompson
  • Buy and Hold Investor
  • Cranston, RI
Replied

Matthew, what are your goals? Do you want to fix properties up and then sell them (flipping)? Or become a landlord for long term rents income? Or find cheap deals and then pass them on to others for a finder’s fee (wholesaling)?

If you don’t know, I usually recommend new people buy a two family and lightly dip their feet into landlording, since it’s a skill that can be useful for the rest of your life and it also indirectly helps with wholesaling since many of your potential buyers will be landlords and it’s really helps to understand the mindset.

I’d also suggest finding local real estate groups in RI and Mass and make friends with other new investors, maybe a few slightly more experienced ones, and help each other out, learn from them, etc.

  • Anthony Thompson
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