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Updated about 5 years ago on . Most recent reply
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Complete Newbie to REI and Quite Overwhelmed at times.
I am new to REI. I started giving it some serious thought earlier this year so i have been studying; read the The Ultimate Beginner's Guide to REI), watched videos on Youtube and started following/contributing to the REI sub on Reddit. At times all the information can be overwhelming especially all the numbers and trying to analyze properties.
I am not entirely sure where i want to invest/purchase my first property as I reside in CT, but have been trying to leave the same for years. There isn't much career opportunity here at the moment.
I have some capital set aside for my first property about $30k. I am looking mainly to hold onto and rent my property.
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Originally posted by @Joseph Nelson:
I am new to REI. I started giving it some serious thought earlier this year so i have been studying; read the The Ultimate Beginner's Guide to REI), watched videos on Youtube and started following/contributing to the REI sub on Reddit. At times all the information can be overwhelming especially all the numbers and trying to analyze properties.
I am not entirely sure where i want to invest/purchase my first property as I reside in CT, but have been trying to leave the same for years. There isn't much career opportunity here at the moment.
I have some capital set aside for my first property about $30k. I am looking mainly to hold onto and rent my property.
You can only buy one property at a time. It's actually a very slow wealth building business so I would just focus on acquiring your 1st property using that $30k as a down payment and go from there.