All Forum Posts by: Alfredo Lopez

@Alfredo Lopez, if you are looking for passive income, read Brian Burke's book, The Hands-Off Investor.  Investing in syndications is an excellent way to diversify and accelerate your investing portfolio, IMO.  Also look for numerous multifamily offerings from sponsors across the U.S. which allows you to invest in different markets.

House-hacking, fix and flips and wholesaling are for more active investors mostly in single family homes, but these are good ways to get started when you have time and not a lot of money.  God luck to you!

Join some local investor groups to learn the ropes. 

Here on BP you can read everything you can and proactively connect with those you feel can assist you and reach out to them with specific questions.

Personally, I think the best way to get into the game is by house-hacking. Especially if you are looking to buy multifamily. You can do this with an FHA loan (3.5% down, 30-year mortgage). The idea is that you will live in one of the units while renting out the others, and hopefully the other tenant's rent helps to lower your cost of living, or eliminate it completely. If you decide to house-hack, this also helps you to learn the ins and outs of property management which can be very important to know. I purchased my first house-hack duplex a few months back and I have learned so much from doing it all myself. Mistakes were made, but mistakes allow for learning and improving your processes! Feel free to reach out if you have any questions or want to talk real estate. Happy investing!