Hope everyone is doing good. I am a new investor in the Tampa Bay Area in Florida and have a couple of questions, for those of you who are more experienced in the Real Estate Investing.
Recently, I met with a REI which owns a company of selling investment properties with the intention of renting. He also has a property management company under the same roof. During our conversation he stated about possibly working with him and buying the proprties from him while providing a 20% down on the property. And 80% financing through his company as well.
I have to admit its a litte nerve wrecking putting down this much money on an investment property with the intentions of renting. I do want to create wealth and know that buying and hold may be a way to go but part of me also wants to create more capital before i decide to go this route. I really do not know what to do about this, if anyone can give me their opinions or advices i will highly appreciate it.
Would this be a good way to start or should i find other ways to create more capital prior to doing this.
Thank you all, GOD BLESS,
MARIA
P.S. IF ANYONE WORKS OR LIVES WITHIN THE TAMPA BAY AREA AND ASSISTS ANY REAL ESTATE INVESTING GROUP, PLEASE LET ME KNOW THANK YOU AGAIN.
Good evening DGF,
Hope everyone is doing good. I am a new investor in the Tampa Bay Area in Florida and have a couple of questions, for those of you who are more experienced in the Real Estate Investing.
Recently, I met with a REI which owns a company of selling investment properties with the intention of renting. He also has a property management company under the same roof. During our conversation he stated about possibly working with him and buying the proprties from him while providing a 20% down on the property. And 80% financing through his company as well.
I have to admit its a litte nerve wrecking putting down this much money on an investment property with the intentions of renting. I do want to create wealth and know that buying and hold may be a way to go but part of me also wants to create more capital before i decide to go this route. I really do not know what to do about this, if anyone can give me their opinions or advices i will highly appreciate it.
Would this be a good way to start or should i find other ways to create more capital prior to doing this.
Thank you all, GOD BLESS,
MARIA
P.S. IF ANYONE WORKS OR LIVES WITHIN THE TAMPA BAY AREA AND ASSISTS ANY REAL ESTATE INVESTING GROUP, PLEASE LET ME KNOW THANK YOU AGAIN.
"It Is Not How You Start, But How You End"
[Do Not Wait For Success, Start Ahead Without It]