(no title)
cagmz | 5 years ago
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|5 years ago
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.