I'll admit, I chained to my job. I don;t want to be, but I am.
I'm 30 with wife and kids. I know it can be done but I'm not sure how to start. I make a good living, but I'm saddled with some bad debt I aquired through college.
I am in the process of paying down my debt (cars and credit cards...what else is new) but I feel like I need to continue making foward movement and can't bear the thought of loosing motivation.
I'm interested in getting some multi family units such as a 4 plex or something. I think I could qualify for a loan in a year or so. But I'm hesitant to do anything now. I think I should be looking around at units or something to get a feel for the market and what not but I have some concerns.
Maybe I can get some advice
1. What kind of real estate agent would follow around someone who is "serious" in mind but not in finances.
2. Are my personal finances even really tied with the idea of aquiring a property? Are there more sophisticated methods? Would an agent be able to help me learn about them?
3. Am I thinking about this from the wrong direction? Here in seattle things have gotten pretty crazy price wise. I see data pointing to other places in the country. How wise would it be to try to find a first deal elsewhere (I've been thinking...IDAHO ).
4. Am I nuts?
Knowing what y'all know know now, how would you do it differently? Is there a system you've learned that even a beginner can use it? Or do beginners need to learn it the hard way.
Any thoughts would be appreciated.
Thanks
I'm 30 with wife and kids. I know it can be done but I'm not sure how to start. I make a good living, but I'm saddled with some bad debt I aquired through college.
I am in the process of paying down my debt (cars and credit cards...what else is new) but I feel like I need to continue making foward movement and can't bear the thought of loosing motivation.
I'm interested in getting some multi family units such as a 4 plex or something. I think I could qualify for a loan in a year or so. But I'm hesitant to do anything now. I think I should be looking around at units or something to get a feel for the market and what not but I have some concerns.
Maybe I can get some advice
1. What kind of real estate agent would follow around someone who is "serious" in mind but not in finances.
2. Are my personal finances even really tied with the idea of aquiring a property? Are there more sophisticated methods? Would an agent be able to help me learn about them?
3. Am I thinking about this from the wrong direction? Here in seattle things have gotten pretty crazy price wise. I see data pointing to other places in the country. How wise would it be to try to find a first deal elsewhere (I've been thinking...IDAHO ).
4. Am I nuts?
Knowing what y'all know know now, how would you do it differently? Is there a system you've learned that even a beginner can use it? Or do beginners need to learn it the hard way.
Any thoughts would be appreciated.
Thanks
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