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Updated almost 5 years ago on . Most recent reply
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New Investor - Looking for Advice
Hey there,
First off, I want to thank you for taking the time to read this post.
Second, I want to provide some context of what I'm trying to achieve and hopefully that'll help articulate the advice a little better.
A little bit about me:
- - I have never invested in real estate
- - I've been following the BiggerPockets ecosystem for about 6 months or so now
- - I've read some of the BiggerPockets Publishing books, but am still reading more and more
- - I have approximately $30k left over each month that I'd like to start utilizing
My goal is to reach $10k/mo in passive income starting with single-family buy and hold properties. I want to try to be as hands-off as much as possible so I can create systems and VAs to handle the majority of the "work" for me.
The things I'm looking for advice on are:
1. What are the next best steps to start purchasing properties? Would that be through traditional financing, saving up to BRRRR a property, etc.?
2. If you were in my shoes, what would be your next step?
If anyone has any other suggestions for advice, I am very open to chatting more.