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Hey guys,

That's a lot of great information. I really appreciate you taking the time out to help me.

r2d246: I have a bunch of other questions, but for now I think I'll go to the books and come back when I'm more knowledgeable on the subject. I've seen you recommend Carlton Sheets "No Money Down", but are there any others that you would recommend I pick-up?

Also, how would an office building compare to an apartment building? I don't know that I would have time to manage such a large apartment building (I imagine that's where having others do it comes in), but I have thought about buying a smaller office building and then renting out the others units to possibly cover the cost of the mortgage.

Thanks,
Joe

That makes sense to me. The only problem is I'm not sure I'm confident enough in my investment strategy to make up for what I'd be paying in interest. I have my business, but my overhead is almost nothing and even my current projects don't require anywhere near that cash.

Aside from that, I have some stocks and an ING account 8). I'm in the process of learning about investing right now and developing a plan of some variety. Learning about real estate has always been interesting to me, but I don't know how much time I can devote to it straight away because of my business.

Anyway, your advice is much appreciated. What's your take on the Las Vegas market? It seems pretty crazy to me, but it looks like now would be a good time to get into something since I want to hold on to it for a while.

Thanks,
Joe

Great forum. I've only stumbled upon it, but it looks like I've come to the right place. I realize my question is about as newbie as it gets, so thanks for your patience!

I have no experience whatsoever in real estate, but I recently decided I'm going to purchase a condo in the Las Vegas area for 100-200k. This will be for me to live in, but I also want to use it as a learning experience for real estate in general.

My question is, when I find the property, should I pay it all off at once? I'm fortunate enough to have the full amount in cash at the moment, and it seems like avoiding any financing would be best financially speaking, since I don't plan to buy multiple properties right off the bat.

This makes sense to me because I wouldn't be paying interest, but I just thought I'd throw it out there in case I'm missing something.

If anyone has any additional advice about where I should go from there, please let me know! I've only started looking at properties on realtor.com, and my next move was to find an agent in the area that I could talk to.

Thanks,
Joey