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> I had already started investing in some real estate on the side I have a few questions, if you don't mind. How did you get started with this? Is investing i
by cagmz 6y ago
> I had already started investing in some real estate on the side
I have a few questions, if you don't mind.
How did you get started with this? Is investing in real estate something you can do while being a salaried employee or do you need to do it full time? Also, what kind of investments were/are you making?
- awillen 6y agoFunny you should ask - I actually wrote a short book about it: https://www.amazon.com/dp/B01M09FA5X https://www.amazon.com/dp/B01M09FA5X. I own two small apartment buildings in the Bay Area (seven apartments total). I honestly just saw interest rates were low and thought real estate sounded like a good way to take advantage of that. I didn't know much, so I just found an agent through my local Realtor association and started looking at buildings. From there it's not that complicated - you just build a pretty straightforward model of your income and expenses, estimate conservatively, and pay a price that'll make it profitable. Beyond that just use common sense and don't do things like buy in dangerous areas. I employ a full time property manager, so I have been a full time employee for most of the time I've owned it.