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Updated over 6 years ago on . Most recent reply
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just inherited 3 houses, now want to invest in real estate
Hello, I just inherited 3 houses and property, none have mortgages. I live in one. I want to maximize this by investing in real estate without selling. Looking for insight and advice. I have no experience in real estate.
Thank you.
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The first thing you need to do is get educated by reading books, listening to podcasts, and meeting other investors who are not trying to sell you something.
Books:
Rich Dad Poor Dad
ABC's of Real Estate
Tax Free Wealth
Brandon Turner's Books - rental property investing, low and no money down
Podcasts:
Bigger Pockets podcast
Get Rich Education
Get educated first. But eventually, you will probably want to mortgage your properties either with a conventional, fixed rate 30 year loan, or with a nice, big line of credit. Then you can use the cash from those loans to invest in rental properties.
Let me reiterate yet again - get educated FIRST.