What strategy would you recommend to a newbie investor?

[Justin Hui]

Hi All!

I am hoping to move forward with my career as a real estate investor. I am a real estate agent, so I do have an understanding about the residential resale and rental markets, etc. However real estate investing it a totally new concept to me.

I’ve read a few books and done quite of bit of research but I can’t decide if the strategy/method of investing I am thinking of would best work with my current situation.

I do own a principle residence with a mortgage + heloc portion (currently have $30k in it with no balance) and minimal credit items on history and have over 800 score. If I were to refi, I could possibly get $100k in equity that I could use (based on some calculators I used).

I was thinking of possibly starting with Buy and Hold then build up some equity to get another one. I am thinking to purchase a property in the range of $500k.

I haven’t met with a mortgage broker yet to confirm whether I would be able to qualify on my own or would need a partner for the purchase.

Just looking to get some feedback to see if I am on the right track. Any suggestions would be greatly appreciated!

Many Thanks!