All Forum Posts by: Timofei Kadkin

Hello BP nation. Good time of the day to everyone. Browsing ideas how to get in to the REI investing. A little about us: we are family of 3 plus crazy bulldog. My wife and I both work in medical field and both have big DREAM becoming financially independent.

Anyway, I recently posted question on how to start investing with 10k and received a lot of great advices and opinions. The only one way no one mentioned to start with condo or apartment. Is there anyone who did so? I understand that one unit will not bring me much, but I feel the urge to start somewhere and this would be way cheaper than start with a house. Currently located in NorCal and prices are high. Please share your experiences and thank you 🙏

@Vanessa Morris Thank you Vanessa!

@James Hamling that’s what’s up. I feel the urge to get up and start running right about now. Just need to figure out which direction, even thou screw direction, I guess grind is that what matters. Thanks a lot for your time James.

@James Hamling That definitely sounds inspirational. I guess my problem is, or should I say temporary barrier, that I literally have no previous experience with REI. People In my surroundings are not supporting the idea of REI, in some cases even tell me that it is practically not possible. Ugh... anyway, not going to listen to that negativity. Which direction should I start just to simply get more knowledge on that subject? Should I get a real estate license? Should I take some classes? Or should I simply try to educate myself through online info(which holds bunch of wrong info as well) ?

Thank you for your time.

@Marlen Weber 😁 will do!!!

@Josue Vargas Thanks for the info.

@Lucas Miles That sounds good too. Thanks a lot.

@Tyrone Osilesi Thank you. I thought of course of that but then seems like I can start only with apartments or condos. So I need to put down 20% to be able to rent it out?

Is it possible to start investing with 10k only?

@Enrique Huerta Thank you