All Forum Posts by: Jerry Cinor

Jerry,

I don’t know the right way for you but I will tell you how I did it for the first couple.

1. Really know your investing market. I am north of Seattle but my investing area is only 5 or so cities close by.

2. Drive that area. Learn the schools, neighborhoods, people that want to live there.

3. When you see/find a good deal hopefully you will have educated yourself enough on your area to be able to pop and buy it.

My wife and I slept on the floor for a few years while I renovated one of my first properties, as newlyweds. Looking back we went to extreme measures to make it happen

I think buying locally is the only way to go. You just have to really know your market.

I'm a Realtor up in Minnesota and this year I want to make it a goal to secure my first rehab before the year ends. 

@Jerry Cinor Welcome to BP! You're in the right place.

Save some capital for your DP using FHA loan and house hack to kick-start your journey. 

This way, you have some breathing room to accumulate a little more capital and decide what you'd like to do. 

In addition, your skills as a plumber can save some money on a flip project for instance. 

Hope this helps. Goodluck. Thanks! - Ola 

Real estate networking events are a good way to meet local people and learn.

first 5 rentals were wholesale deals my partner and I got stuck with, which ended up actually working out great! Now fast forward a good bit and we own a good amount of rentals personally and also sell turn key to other investors looking to hold high ROI property in their portfolios. Just buy one, see what happens, learn the ropes, and keep on hustling! good luck man!

 Yes that is how!

Then you have enough passive income to do it full time.

Save up $15k, buy a turn key rental property out of state. Cash flow $200+/mo.

Do it over and over again. 

@Jerry Cinor 

you are correct I live in Israel:-)

@Joe Splitrock

Have you considered insurance contracts? They're a safe bucket, offer a higher yield than most savings accounts, and there's usually liquidity (that's tax free).