All Forum Posts by: Mark Lord

@Account Closed

I was thinking the same, which I why I asked this question. I know in the long run, this is the way to go and I'm sure after a few years, I will own a handful! But Im really looking to get the ball rolling now. It would pay off if i found the right property to hold though. Numbers would have to make a lot of sense. 

Thanks for the input!

Eventually I'd like to get into multi-family homes (apartment complexes / condo), commercial and land development. Obviously that's a ways away. 

So it looks like my best bet is to get one or two rental properties to start, continue saving any cash from those properties and continue acquiring additional properties? 

I figured that was the way to start.

Ok, so I know this topic has come up quite a few times. And I have read a lot of the responses. But every situation is different so I decided to ask your opinion based on my situation.

I'm looking to invest. I have roughly 25-30k to do so. I have a full time job that pays well, but I'd like to eventually become a full time investor. 

I want to know what the best use of my money is? I'm not looking for the "get rich quick" plan. I understand it takes time. But I'd also like to use any income I do earn to reinvest. So the more money and the faster it comes, the better!

Should I be looking at buy and hold rentals (SFH or Multi-Fam), flips, auction homes, lease to owns, etc...I've read a lot of mixed reviews on wholesaling so I'd rather not get into that.

How would you use this money? What has the highest earning potential?

Any help would be greatly appreciated!!

Newbie here looking to get into the real estate game. Before I get started I had a few questions I was hoping to get some help with. Please forgive me if this is not posted under the correct topic. 

Here's the scoop. I have about 50k to invest. I'd like to start growing that money sooner than later. Possibly acquiring a flip, auction property or rental. I'm also in the market for a new home. I live in Las Vegas NV. So here are the options I have...

1. Purchase a home for myself, and use the remaining money to invest? That wouldn't leave me much to invest with. 

2. Use all the money to invest and move into a rental for the time being? I know renting for myself is a waste of money, but could allow for more opportunity for investing. 

3. I currently work as a chef and make a good living (100k annually). I was also thinking about getting my real estate license to gain the knowledge of the field. Is this going to be beneficial to me I the long run?

Ultimately I'd like to get into the investment / real estate field full time. It's a pipe dream of mine to become independent and wealthy doing something other than cooking! Any and all advice would be appreciated!! Thanks in advance for the help!