Any advice for a newbie?

[Ben Clark]

Hello,

My name is Ben Clark. I own a 4 unit property in Ontario county that I house hacked with my wife in 2016. At that time I had no idea how to invest in property or how to be a landlord. I just didn't want to pay my own mortgage. Luckily it has worked out so far, and I just bought a single family home in Wayne county for my wife and our 1 year old. I've decided I'm going to get into investing in single family and small multi unit properties with a goal to be job optional by 45 (I'm currently 29).

So with that being said how would people advise I start. I don't want to rush in and make mistakes. I've read "rich dad poor dad" "the book on rental property investing" and "set for life" this week. I'm learning from reading, but I think I need more. I currently have 14k saved for investing. I know there is always excuses for not doing something, but with the current economic stand still I'm apprehensive about starting by buying a new property right now. Just wondering how people on here with experience would suggest I proceed. 

Thank you!

[Remi Oguntoye]

Hi Ben,

I like your start. You've gotten a lot of experience from your house hack, I am sure you gained more experience from your single family purchase. I recommend you continue to educate yourself and take action. Join a local REIA, get a mentor, follow podcasts specific to the niche you're interested in. Devour Real Estate Investment content. Don't get distracted by other things. Put your head down, and get after it.

Mindset is one of the biggest things to overcome. Find great deals, and you can get someone to partner with you and teach you what they know. Pick a goal and deconstruct what you need to work on every day to achieve that goal in your timeframe.

I hope that helps a little.

Best,

Remi