Hi /biz
Im 26 and about to start a full time job with an ok salary (60k) and benefits. I have no debt and cheap rent.
I am considering investing in real estate rental property as a side hustle. Want to start small and reinvest the profits into more properties, eventually growing a portfolio over time that emphasizes cash flow.
Is it a good time to get into real estate or would i be better off doing something else?
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Real estate is the safest and most profitable investment you can make. Day traders are subhuman monkeys that dance for pennies.
yeah i would never get into day trading, if only because it's over my head.
Got kik? I want to do the same but dont know how to start
Financial freedom = passive income greater than expenses.
Real estate is great for passive but depending on your location determine if prices are through the roof or not. RE prices are crazy high at the moment I think but if you can make the #s work go for it.
If you're serious with your post check into buying websites.
They are like digital real estate except your tenants dont stay long term.
Check sites like Flippa for listings.
Hope you make it user.
>If you're serious with your post check into buying websites.
very interested. will look into this. thank you.
>2018
>investing in real estate
pick only one son of a bitch
here is a great post by a guy i am trying to emulate
>inb4 reddit
reddit.com
word of caution: the guy runs a website that makes money by referring visitors to financial services. he also brands himself as a sort of self-made man, until it came out that he inherited his first property from his parents. So he was a little dishonest in his self-promotion but his advice all checks out and it's still great advice
can you elaborate? that's kind of my only worry, that it might be a bad time to invest in RE for some reason
Different sites will require different levels of effort.
Some are almost a full time job while others are nearly completely passive.
ROI on websites are typically much better than RE too. I've crunched numbers on a few sites I was interested in and some would pay themselves off in 8 to 12 months or even sooner which would never happen with RE.
A decent read as an introduction that I've personally read is The Website Investor by Jeff Hunt.