Brand new at investing just trying to figure out where to start

[Sean Watson]

Good day BP! Just trying to figure out where to start. I have a very good W2 Job that pays well, but would like to get started investing. i have talked about moving into becoming a contractor or realestate agent in order to get more experience with the whole process, but now I am torn between getting into mobile homes vs single to multi family homes.  Eventually i want to get into small apartments, but i understand that I need way more experience.  Any thoughts or ideas ?  Thanks!

[Mack Benson]

If you are looking at getting in to multi-family you have a couple different directions to go. You could save the money to buy it on your own or with a partner, you would need to do the math to figure out how long that will take you. Maybe you could start with single family rentals and one day scale to multi-family. On the other hand you could also jump right into the deep end and go for a syndication either as a passive investor or as a sponsor.

If you want to get into the syndication business the first thing you need to do is get educated. There are many resources available to help you learn. You could read books, watch random YouTube videos or seek a mentor.

When I hear "a very good W2 job that pays well," my mind automatically goes to passively investing in a syndication but that's because my focus is on syndications. Typical offerings can have an IRR range from 15% to 20% on a 5 to 10 year hold but some could be lower and some could be higher.