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Updated about 6 years ago on . Most recent reply

User Stats

16
Posts
7
Votes
Joseph Nelson
  • New to Real Estate
  • Hartford, CT
7
Votes |
16
Posts

Complete Newbie to REI and Quite Overwhelmed at times.

Joseph Nelson
  • New to Real Estate
  • Hartford, CT
Posted

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. 

Most Popular Reply

User Stats

29,455
Posts
20,298
Votes
James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
20,298
Votes |
29,455
Posts
James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
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.

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