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Reply to "I really want to get into buying properties, but I'm scared"
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[quote=Anonymous][quote=Anonymous]I think this is a very good idea but the interest rates that are available right now are a nightmare. Plus prices haven’t really come down yet. I would wait.[/quote] +1 And buying real estate because you have imposter syndrome seems like a really bad idea. Managing a property from out of the area is going to be a hassle. Some areas like the DC area are almost impossible to generate any cash flow. And with high interest rates and high housing prices, it is basically impossible unless you are talking about multi unit dwellings. I would also not invest in real estate unless you are handy and willing to manage the property yourself. The fees that property managers and handymen charge you is going add up big time. [/quote]
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